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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) gapped down prior to trading on Tuesday . The stock had previously closed at $211.50, but opened at $203.18. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $203.25, with a volume of 53,875 shares traded.

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

The stock has a market capitalization of $694.75 million, a PE ratio of 27.33 and a beta of 1.64. The company has a 50 day moving average price of $137.58 and a 200-day moving average price of $189.05.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. TD Waterhouse Canada Inc. purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter valued at about $28,000. Caitlin John LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth about $33,000. Rachor Investment Advisory Services LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth about $137,000. Headlands Technologies LLC boosted 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 acquiring an additional 2,504 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock valued at $263,000 after acquiring an additional 699 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.