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) gapped down before the market opened on Tuesday . The stock had previously closed at $316.07, but opened at $294.92. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $311.5870, with a volume of 82,656 shares.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Up 6.5%

The firm has a market cap of $918.19 million, a P/E ratio of 27.33 and a beta of 1.45. The business has a 50 day moving average of $260.42 and a two-hundred day moving average of $186.02.

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. Stockholders 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 dividend yield of 1.1%.

Institutional Trading of Direxion Daily Junior Gold Miners Index Bull 2X Shares

A number of institutional investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter valued at $28,000. Caitlin John LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at about $33,000. ORG Partners LLC raised its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% during the 4th quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock worth $99,000 after purchasing an additional 101 shares during the last quarter. Rachor Investment Advisory Services LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth $137,000. Finally, Headlands Technologies LLC raised its position in shares of 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 worth $201,000 after acquiring an additional 2,504 shares in the last quarter.

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.