Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Price Down 6.1% – Here’s Why

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares traded down 6.1% during trading on Thursday . The company traded as low as $159.92 and last traded at $160.98. 154,621 shares were traded during trading, a decline of 49% from the average daily volume of 301,065 shares. The stock had previously closed at $171.39.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Down 6.5%

The firm has a market capitalization of $511.42 million, a P/E ratio of 27.33 and a beta of 1.64. The business’s 50 day moving average is $130.19 and its two-hundred day moving average is $195.61.

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

A number of institutional investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at approximately $28,000. Caitlin John LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth approximately $33,000. Rachor Investment Advisory Services LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth approximately $137,000. Headlands Technologies LLC lifted its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% in the second quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock worth $201,000 after purchasing an additional 2,504 shares during the period. Finally, SBI Securities Co. Ltd. lifted its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock worth $263,000 after purchasing an additional 699 shares during the period.

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.