Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) Shares Down 3.6% – Here’s Why

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG)’s share price was down 3.6% during mid-day trading on Wednesday. The stock traded as low as $118.94 and last traded at $119.49. Approximately 244,354 shares were traded during mid-day trading, a decline of 18% from the average session volume of 296,318 shares. The stock had previously closed at $123.90.

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

The firm’s 50 day moving average price is $145.73 and its 200-day moving average price is $181.77. The stock has a market cap of $346.36 million, a P/E ratio of 27.33 and a beta of 1.70.

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

A hedge fund recently raised its position in Direxion Daily Junior Gold Miners Index Bull 2X ETF stock. IMC Chicago LLC boosted its holdings in Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) by 89.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,530 shares of the exchange traded fund’s stock after acquiring an additional 9,681 shares during the quarter. IMC Chicago LLC owned 0.81% of Direxion Daily Junior Gold Miners Index Bull 2X ETF worth $4,089,000 at the end of the most recent quarter.

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.