Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Pass Above 50-Day Moving Average – Here’s What Happened

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $44.06 and traded as high as $48.51. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $45.44, with a volume of 895,050 shares traded.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Down 0.5 %

The firm has a market capitalization of $264.01 million, a price-to-earnings ratio of 18.62 and a beta of 3.01. The firm has a 50 day moving average price of $44.23 and a two-hundred day moving average price of $45.40.

Hedge Funds Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares

Several hedge funds and other institutional investors have recently made changes to their positions in JNUG. SBI Securities Co. Ltd. acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth approximately $197,000. HighTower Advisors LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth $211,000. Visionary Wealth Advisors boosted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 36.0% in the fourth quarter. Visionary Wealth Advisors now owns 10,765 shares of the exchange traded fund’s stock valued at $393,000 after purchasing an additional 2,851 shares during the period. IMC Chicago LLC grew its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 32.3% during the 4th quarter. IMC Chicago LLC now owns 16,447 shares of the exchange traded fund’s stock valued at $600,000 after purchasing an additional 4,019 shares in the last quarter. Finally, Ballew Advisors Inc acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at $890,000.

Direxion Daily Junior Gold Miners Index Bull 2X Shares 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.