Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Sees Large Volume Increase – Time to Buy?

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) saw strong trading volume on Monday . 232,507 shares changed hands during mid-day trading, a decline of 23% from the previous session’s volume of 302,769 shares.The stock last traded at $188.49 and had previously closed at $195.95.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Down 9.0%

The stock has a market capitalization of $561.41 million, a PE ratio of 27.33 and a beta of 1.64. The firm has a 50-day moving average price of $144.10 and a 200-day moving average price of $186.39.

Institutional Trading of Direxion Daily Junior Gold Miners Index Bull 2X Shares

A number of large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC raised its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% in the fourth quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock worth $7,967,000 after acquiring an additional 5,915 shares during the period. Jump Financial LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at approximately $5,097,000. Client First Investment Management LLC grew its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% during the 4th quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock valued at $5,451,000 after acquiring an additional 3,519 shares during the period. IMC Chicago LLC increased its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 89.2% during the 1st quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock worth $4,089,000 after purchasing an additional 9,681 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock worth $576,000 after purchasing an additional 6,339 shares during the period.

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.