Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) Sees Significant Growth in Short Interest

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 323,584 shares, a growth of 105.9% from the September 15th total of 157,130 shares. Approximately 11.8% of the company’s shares are short sold. Based on an average daily volume of 260,030 shares, the days-to-cover ratio is currently 1.2 days.

Direxion Daily Junior Gold Miners Index Bull 2X ETF Trading Up 6.3%

Shares of JNUG traded up $7.83 on Thursday, reaching $132.50. 179,238 shares of the company’s stock were exchanged, compared to its average volume of 294,117. The stock has a market capitalization of $376.31 million, a P/E ratio of 27.33 and a beta of 1.71. The business has a 50 day moving average price of $172.80 and a two-hundred day moving average price of $166.54. Direxion Daily Junior Gold Miners Index Bull 2X ETF has a 12 month low of $99.42 and a 12 month high of $363.55.

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

An institutional investor recently raised its position in Direxion Daily Junior Gold Miners Index Bull 2X ETF stock. Virtu Financial LLC raised its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) by 18.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 38,572 shares of the exchange traded fund’s stock after acquiring an additional 5,915 shares during the period. Direxion Daily Junior Gold Miners Index Bull 2X ETF makes up 0.3% of Virtu Financial LLC’s holdings, making the stock its 17th largest position. Virtu Financial LLC owned 1.43% of Direxion Daily Junior Gold Miners Index Bull 2X ETF worth $7,967,000 as of its most recent SEC filing.

Direxion Daily Junior Gold Miners Index Bull 2X ETF 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.