Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Price Down 4.5% – What’s Next?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares were down 4.5% on Wednesday . The company traded as low as $219.56 and last traded at $221.8210. Approximately 112,646 shares were traded during trading, a decline of 78% from the average daily volume of 515,610 shares. The stock had previously closed at $232.16.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Down 4.3%

The company has a market cap of $753.46 million, a price-to-earnings ratio of 27.33 and a beta of 1.45. The stock’s fifty day simple moving average is $166.98 and its 200 day simple moving average is $127.31.

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

A number of institutional investors have recently added to or reduced their stakes in JNUG. HighTower Advisors LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the first quarter worth $274,000. ORG Partners LLC raised its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 405.2% during the 2nd quarter. ORG Partners LLC now owns 1,263 shares of the exchange traded fund’s stock worth $100,000 after acquiring an additional 1,013 shares during the period. Walleye Trading LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 1st quarter valued at about $255,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter valued at about $3,729,000. Finally, Simplex Trading LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the second quarter valued at about $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.