Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) Stock Short Interest Climbs 105.9%

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 323,584 shares, an increase of 105.9% from the September 15th total of 157,130 shares. Approximately 11.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 260,030 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF stock. IMC Chicago LLC increased its position in Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) by 89.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,530 shares of the exchange traded fund’s stock after buying an additional 9,681 shares during the quarter. IMC Chicago LLC owned about 0.81% of Direxion Daily Junior Gold Miners Index Bull 2X ETF worth $4,089,000 at the end of the most recent reporting period.

Direxion Daily Junior Gold Miners Index Bull 2X ETF Trading Down 4.3%

JNUG stock opened at $139.25 on Wednesday. Direxion Daily Junior Gold Miners Index Bull 2X ETF has a 52 week low of $99.42 and a 52 week high of $363.55. The company has a market capitalization of $395.47 million, a price-to-earnings ratio of 27.33 and a beta of 1.71. The firm’s 50-day moving average is $173.21 and its two-hundred day moving average is $166.76.

Direxion Daily Junior Gold Miners Index Bull 2X ETF 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.