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

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUGGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $137.10, but opened at $147.30. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $152.08, with a volume of 189,695 shares trading hands.

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

The firm has a market cap of $517.76 million, a P/E ratio of 27.33 and a beta of 1.45. The company’s 50-day moving average is $147.40 and its two-hundred day moving average is $103.38.

Hedge Funds Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares

Several hedge funds and other institutional investors have recently modified their holdings of JNUG. Client First Investment Management LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth $3,729,000. IMC Chicago LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth about $3,403,000. Belvedere Trading LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the first quarter worth about $501,000. Qube Research & Technologies Ltd boosted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock valued at $576,000 after purchasing an additional 6,339 shares in the last quarter. Finally, Simplex Trading LLC acquired a new position in 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

(Get Free Report)

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.

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