Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Reaches New 12-Month High – What’s Next?

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) hit a new 52-week high during trading on Friday . The company traded as high as $216.99 and last traded at $215.45, with a volume of 156948 shares traded. The stock had previously closed at $201.57.

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

The firm’s 50 day moving average price is $163.90 and its 200-day moving average price is $123.76. The firm has a market cap of $727.67 million, a price-to-earnings ratio of 27.33 and a beta of 1.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Partners LLC lifted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 405.2% in the second quarter. ORG Partners LLC now owns 1,263 shares of the exchange traded fund’s stock valued at $100,000 after buying an additional 1,013 shares during the period. Headlands Technologies LLC raised its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock valued at $201,000 after acquiring an additional 2,504 shares in the last quarter. Walleye Trading LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 1st quarter worth approximately $255,000. HighTower Advisors LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 1st quarter worth approximately $274,000. Finally, Simplex Trading LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 2nd quarter worth approximately $481,000.

About Direxion Daily Junior Gold Miners Index Bull 2X Shares

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.