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) gapped up prior to trading on Wednesday . The stock had previously closed at $190.93, but opened at $200.00. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $198.8030, with a volume of 38,156 shares changing hands.

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

The company has a market cap of $624.24 million, a price-to-earnings ratio of 27.33 and a beta of 1.76. The business has a fifty day moving average price of $151.56 and a 200 day moving average price of $184.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC lifted its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% in the fourth quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock valued at $7,967,000 after buying an additional 5,915 shares during the period. Jump Financial LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at $5,097,000. Client First Investment Management LLC increased its stake 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 valued at $5,451,000 after purchasing an additional 3,519 shares in the last quarter. IMC Chicago LLC raised its holdings 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 worth $4,089,000 after buying an additional 9,681 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% during the second quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock worth $576,000 after buying an additional 6,339 shares during the last quarter.

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.