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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) gapped down prior to trading on Monday . The stock had previously closed at $237.80, but opened at $213.12. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $206.5830, with a volume of 134,298 shares.

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

The company has a market cap of $720.58 million, a P/E ratio of 27.33 and a beta of 1.45. The business’s fifty day moving average is $171.22 and its two-hundred day moving average is $132.14.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 31st will be issued a $0.9282 dividend. The ex-dividend date is 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 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Investors Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares

A number of institutional investors and hedge funds have recently bought and sold shares of JNUG. ORG Partners LLC increased its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 405.2% during 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 increased its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% during the 2nd 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 during the period. Optiver Holding B.V. purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at about $579,000. HighTower Advisors LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 1st quarter valued at about $274,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth approximately $973,000.

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.