Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Share Price Cross Above Fifty Day Moving Average – Should You Sell?

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $47.17 and traded as high as $58.50. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $57.61, with a volume of 817,464 shares traded.

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

The firm has a market cap of $336.44 million, a price-to-earnings ratio of 22.23 and a beta of 2.93. The business’s 50-day moving average price is $47.17 and its two-hundred day moving average price is $45.91.

Institutional Investors Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares

Institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth about $211,000. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth about $197,000. IMC Chicago LLC increased its stake in shares of 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 period. Ballew Advisors Inc acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at approximately $890,000. Finally, Visionary Wealth Advisors increased its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 36.0% in the fourth quarter. Visionary Wealth Advisors now owns 10,765 shares of the exchange traded fund’s stock valued at $393,000 after purchasing an additional 2,851 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.