Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) Shares Down 9% – Time to Sell?

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) shares traded down 9% during trading on Monday . The company traded as low as $166.10 and last traded at $167.3460. Approximately 137,782 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 298,914 shares. The stock had previously closed at $183.83.

Direxion Daily Junior Gold Miners Index Bull 2X ETF Trading Down 1.0%

The business has a 50 day simple moving average of $156.73 and a two-hundred day simple moving average of $179.59. The stock has a market cap of $346.18 million, a price-to-earnings ratio of 27.33 and a beta of 1.76.

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

A number of hedge funds have recently made changes to their positions in the stock. IMC Chicago LLC increased its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF by 89.2% in the first quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock worth $4,089,000 after buying an additional 9,681 shares during the last quarter. Virtu Financial LLC boosted its stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF by 18.1% during the 4th quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock valued at $7,967,000 after acquiring an additional 5,915 shares during the last quarter. Finally, Client First Investment Management LLC grew its holdings in Direxion Daily Junior Gold Miners Index Bull 2X ETF by 15.4% during the 4th quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock worth $5,451,000 after acquiring an additional 3,519 shares in the last quarter.

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.