Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Reaches New 12-Month High – Still a Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $357.66 and last traded at $360.0880, with a volume of 96634 shares. The stock had previously closed at $330.21.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Up 4.0%

The stock’s fifty day moving average price is $218.18 and its 200 day moving average price is $157.43. The stock has a market cap of $918.34 million, a P/E ratio of 27.33 and a beta of 1.45.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.9282 per share. The ex-dividend date was Wednesday, December 31st. This is a positive change from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07. This represents a $3.71 annualized dividend and a dividend yield of 1.0%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter valued at $28,000. ORG Partners LLC lifted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% in the fourth quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock worth $99,000 after buying an additional 101 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% during the second quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock valued at $201,000 after buying an additional 2,504 shares during the last quarter. Austin Wealth Management LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter worth approximately $295,000. Finally, Simplex Trading LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 2nd quarter valued at approximately $481,000.

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.