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

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 $44.10 and traded as high as $49.18. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $48.26, with a volume of 540,464 shares.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Down 0.4 %

The company has a market cap of $378.36 million, a price-to-earnings ratio of 22.18 and a beta of 1.90. The company has a fifty day simple moving average of $44.34 and a two-hundred day simple moving average of $41.70.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the second quarter worth about $1,354,000. PFG Investments LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the second quarter worth about $224,000. Ballew Advisors Inc lifted its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 7.7% during the second quarter. Ballew Advisors Inc now owns 8,616 shares of the exchange traded fund’s stock worth $321,000 after buying an additional 617 shares during the period. Pineridge Advisors LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the first quarter worth about $2,074,000. Finally, Jane Street Group LLC lifted its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 159.5% during the first quarter. Jane Street Group LLC now owns 526,726 shares of the exchange traded fund’s stock worth $17,551,000 after buying an additional 323,749 shares during the period.

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.