Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Trading Up 7% – Here’s Why

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares shot up 7% during mid-day trading on Monday . The stock traded as high as $318.88 and last traded at $317.8050. 93,703 shares traded hands during trading, a decline of 71% from the average session volume of 324,098 shares. The stock had previously closed at $296.91.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Price Performance

The firm has a market cap of $862.15 million, a P/E ratio of 27.33 and a beta of 1.45. The company’s 50-day moving average is $258.09 and its two-hundred day moving average is $185.07.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 31st were paid a $0.9282 dividend. This represents a $3.71 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, December 31st.

Hedge Funds Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares

Several hedge funds and other institutional investors have recently modified their holdings of JNUG. Jump Financial LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth approximately $5,097,000. Client First Investment Management LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth $3,729,000. IMC Chicago LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter valued at $3,403,000. Qube Research & Technologies Ltd lifted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock valued at $576,000 after acquiring an additional 6,339 shares during the last quarter. Finally, Simplex Trading LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 2nd quarter valued at $481,000.

About Direxion Daily Junior Gold Miners Index Bull 2X Shares

The Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG) is an exchange-traded fund that is based on the MVIS Global Junior Gold Miners index. The fund provides daily 2x exposure to an index of junior gold and silver mining companies from developed as well as emerging markets. JNUG was launched on Oct 3, 2013 and is managed by Direxion.