Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Pass Above 50-Day Moving Average – Here’s Why

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $41.48 and traded as high as $43.33. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $42.06, with a volume of 691,300 shares traded.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Down 3.8 %

The company has a market capitalization of $329.75 million, a P/E ratio of 22.18 and a beta of 1.90. The firm’s 50-day moving average price is $41.48 and its 200 day moving average price is $44.25.

Institutional Trading of Direxion Daily Junior Gold Miners Index Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at approximately $211,000. IMC Chicago LLC lifted its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 32.3% in the fourth quarter. IMC Chicago LLC now owns 16,447 shares of the exchange traded fund’s stock valued at $600,000 after purchasing an additional 4,019 shares during the last quarter. Ballew Advisors Inc bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter valued at $890,000. Finally, International Assets Investment Management LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter worth $911,000.

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.