Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) Sees Significant Growth in Short Interest

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 157,130 shares, an increase of 56.1% from the August 31st total of 100,657 shares. Currently, 5.7% of the shares of the stock are short sold. Based on an average trading volume of 235,855 shares, the days-to-cover ratio is currently 0.7 days.

Direxion Daily Junior Gold Miners Index Bull 2X ETF Trading Down 2.4%

JNUG stock opened at $145.05 on Friday. The stock has a market capitalization of $397.44 million, a P/E ratio of 27.33 and a beta of 1.76. Direxion Daily Junior Gold Miners Index Bull 2X ETF has a 12 month low of $99.42 and a 12 month high of $363.55. The firm has a 50-day moving average price of $168.93 and a 200-day moving average price of $169.17.

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

An institutional investor recently raised its stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF stock. Virtu Financial LLC raised its stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) by 18.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,572 shares of the exchange traded fund’s stock after buying an additional 5,915 shares during the period. Direxion Daily Junior Gold Miners Index Bull 2X ETF accounts for 0.3% of Virtu Financial LLC’s holdings, making the stock its 17th largest holding. Virtu Financial LLC owned approximately 1.43% of Direxion Daily Junior Gold Miners Index Bull 2X ETF worth $7,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Direxion Daily Junior Gold Miners Index Bull 2X ETF

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.