Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Price Down 6.1% – Here’s Why

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price were down 6.1% during trading on Thursday . The stock traded as low as $159.92 and last traded at $160.98. 154,621 shares were traded during trading, a decline of 49% from the average daily volume of 301,065 shares. The stock had previously closed at $171.39.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Price Performance

The business’s 50-day moving average price is $130.19 and its two-hundred day moving average price is $195.61. The firm has a market cap of $511.42 million, a price-to-earnings ratio of 27.33 and a beta of 1.64.

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

Several hedge funds and other institutional investors have recently modified their holdings of JNUG. Virtu Financial LLC grew its stake 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 purchasing an additional 5,915 shares in the last quarter. IMC Chicago LLC grew its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 89.2% during the first quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock valued at $4,089,000 after purchasing an additional 9,681 shares during the last quarter. Client First Investment Management LLC lifted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% in the 4th quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock worth $5,451,000 after purchasing an additional 3,519 shares during the last quarter. Caitlin John LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at $33,000. Finally, Jump Financial LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at about $5,097,000.

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.