Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Up – Still a Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares gapped up prior to trading on Wednesday . The stock had previously closed at $289.03, but opened at $309.52. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $297.23, with a volume of 93,510 shares changing hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Up 2.8%

The business’s 50-day simple moving average is $269.69 and its 200 day simple moving average is $193.60. The company has a market capitalization of $798.93 million, a P/E ratio of 27.33 and a beta of 1.45.

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. Shareholders of record on Wednesday, December 31st were given a $0.9282 dividend. This represents a $3.71 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07. The ex-dividend date was Wednesday, December 31st.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in JNUG. Virtu Financial LLC grew its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% in the fourth quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock worth $7,967,000 after acquiring an additional 5,915 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter valued at approximately $5,097,000. Client First Investment Management LLC grew its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% during the 4th quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock worth $5,451,000 after acquiring an additional 3,519 shares during the period. IMC Chicago LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter worth $3,403,000. Finally, Qube Research & Technologies Ltd grew its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the second quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock valued at $576,000 after acquiring an additional 6,339 shares during the period.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Company Profile

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.