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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $251.59, but opened at $263.00. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $252.7520, with a volume of 66,962 shares traded.

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

The company’s 50 day moving average is $193.93 and its two-hundred day moving average is $144.04. The firm has a market cap of $709.08 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 disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were given a $0.9282 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $3.71 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. ORG Partners LLC boosted its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% during the fourth quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock worth $99,000 after buying an additional 101 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter valued at $973,000. Jump Financial LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth about $5,097,000. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at about $579,000. Finally, IMC Chicago LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at about $3,403,000.

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.