Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Down – Should You Sell?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares gapped down prior to trading on Tuesday . The stock had previously closed at $274.09, but opened at $253.89. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $238.8670, with a volume of 99,338 shares traded.

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

The company has a fifty day moving average price of $247.05 and a 200-day moving average price of $176.39. The firm has a market capitalization of $682.90 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 firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.9282 per share. This represents a $3.71 annualized dividend and a yield of 1.5%. The ex-dividend date 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.

Institutional Investors 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 stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth about $28,000. ORG Partners LLC lifted its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% in the fourth 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 during the last quarter. Rachor Investment Advisory Services LLC purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth $137,000. 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, SBI Securities Co. Ltd. boosted its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock valued at $263,000 after purchasing an additional 699 shares in the last quarter.

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.