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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares gapped up prior to trading on Wednesday . The stock had previously closed at $289.03, but opened at $309.52. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $297.23, with a volume of 93,510 shares changing hands.

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

The company has a 50-day simple moving average of $269.69 and a two-hundred day simple moving average of $193.60. The stock has a market cap of $798.93 million, a price-to-earnings ratio of 27.33 and a beta of 1.45.

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 1.3%. 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

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC boosted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% during the fourth quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock valued at $7,967,000 after purchasing an additional 5,915 shares in the last quarter. Caitlin John LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth approximately $33,000. Client First Investment Management LLC grew its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% during the 4th quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock worth $5,451,000 after acquiring an additional 3,519 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock valued at $263,000 after acquiring an additional 699 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth $137,000.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Company Profile

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.