Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Down – Here’s What Happened

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price gapped down prior to trading on Friday . The stock had previously closed at $322.64, but opened at $263.00. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $272.2630, with a volume of 110,210 shares trading hands.

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

The stock’s 50-day moving average is $225.96 and its two-hundred day moving average is $159.95. The stock has a market cap of $648.60 million, a PE ratio of 27.33 and a beta of 1.45.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were paid a $0.9282 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This is a boost from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07. This represents a $3.71 dividend on an annualized basis and a dividend yield of 1.5%.

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

Hedge funds have recently bought and sold shares of the company. ORG Partners LLC grew its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% in the 4th quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock valued at $99,000 after acquiring an additional 101 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at approximately $28,000. Austin Wealth Management LLC purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at approximately $295,000. Headlands Technologies LLC grew its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% in the second quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock valued at $201,000 after purchasing an additional 2,504 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth approximately $579,000.

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.