Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Up – Time to Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUGGet Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $159.88, but opened at $178.92. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $182.13, with a volume of 151,845 shares changing hands.

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

The firm has a market capitalization of $631.91 million, a price-to-earnings ratio of 27.33 and a beta of 1.64. The firm has a fifty day moving average price of $135.15 and a 200 day moving average price of $189.55.

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

Several institutional investors have recently bought and sold shares of JNUG. TD Waterhouse Canada Inc. acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth approximately $28,000. Caitlin John LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at approximately $33,000. Rachor Investment Advisory Services LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter worth approximately $137,000. SBI Securities Co. Ltd. raised its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock worth $263,000 after purchasing an additional 699 shares during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% during the 2nd quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock worth $201,000 after buying an additional 2,504 shares in the last quarter.

About Direxion Daily Junior Gold Miners Index Bull 2X Shares

(Get Free Report)

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.

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