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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares gapped up prior to trading on Friday . The stock had previously closed at $144.50, but opened at $161.50. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $166.58, with a volume of 136,703 shares trading hands.

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

The stock’s 50 day simple moving average is $130.64 and its two-hundred day simple moving average is $198.98. The company has a market capitalization of $521.18 million, a P/E ratio of 27.33 and a beta of 1.64.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd boosted its position in 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 buying an additional 6,339 shares during the last quarter. Headlands Technologies LLC raised its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% during the second 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 during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter valued at $973,000. Jump Financial LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter valued at about $5,097,000. Finally, Austin Wealth Management LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth about $295,000.

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.