Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) Trading 8.2% Higher – What’s Next?

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) traded up 8.2% on Tuesday . The company traded as high as $187.27 and last traded at $189.6260. 148,980 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 298,055 shares. The stock had previously closed at $175.30.

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

The firm has a 50-day moving average of $161.26 and a 200-day moving average of $175.03. The firm has a market capitalization of $519.58 million, a P/E ratio of 27.33 and a beta of 1.76.

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

Several institutional investors have recently added to or reduced their stakes in the company. IMC Chicago LLC grew its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF by 89.2% in the 1st 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 period. Virtu Financial LLC increased its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF by 18.1% during the fourth quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock valued at $7,967,000 after purchasing an additional 5,915 shares in the last quarter. Finally, Client First Investment Management LLC lifted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF by 15.4% during the fourth quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock valued at $5,451,000 after purchasing an additional 3,519 shares during the last 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.