Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Down 5.4% – Time to Sell?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) fell 5.4% during trading on Friday . The company traded as low as $190.58 and last traded at $194.1730. Approximately 73,618 shares were traded during trading, a decline of 76% from the average daily volume of 302,323 shares. The stock had previously closed at $205.22.

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

The company’s fifty day simple moving average is $147.33 and its two-hundred day simple moving average is $185.53. The company has a market capitalization of $629.02 million, a price-to-earnings ratio of 27.33 and a beta of 1.76.

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

A number of hedge funds have recently bought and sold shares of JNUG. IMC Chicago LLC raised its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 89.2% during the first quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock valued at $4,089,000 after buying an additional 9,681 shares in the last quarter. Virtu Financial LLC grew its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% in the 4th quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock worth $7,967,000 after acquiring an additional 5,915 shares in the last quarter. Caitlin John LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter worth approximately $33,000. Client First Investment Management LLC increased its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% in the 4th quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock valued at $5,451,000 after acquiring an additional 3,519 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% in the 4th 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.

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.