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 stock price gapped down prior to trading on Thursday . The stock had previously closed at $257.61, but opened at $233.13. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $226.7410, with a volume of 92,631 shares traded.

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

The stock has a market capitalization of $668.65 million, a P/E ratio of 27.33 and a beta of 1.45. The firm has a fifty day moving average price of $235.32 and a two-hundred day moving average price of $166.77.

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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Jump Financial LLC purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter valued at about $5,097,000. Client First Investment Management LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth approximately $3,729,000. IMC Chicago LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at approximately $3,403,000. Qube Research & Technologies Ltd grew its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock valued at $576,000 after buying an additional 6,339 shares in the last quarter. Finally, Simplex Trading LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the second quarter valued at approximately $481,000.

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.