Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Price Down 10.2% – Here’s Why

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price fell 10.2% on Friday . The company traded as low as $193.20 and last traded at $193.25. Approximately 368,435 shares were traded during trading, an increase of 22% from the average daily volume of 301,134 shares. The stock had previously closed at $215.14.

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

The firm has a market cap of $619.79 million, a PE ratio of 27.33 and a beta of 1.64. The stock has a 50-day moving average price of $141.12 and a 200 day moving average price of $188.45.

Institutional Trading of Direxion Daily Junior Gold Miners Index Bull 2X Shares

Hedge funds have recently added to or reduced their stakes in the business. IMC Chicago LLC lifted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 89.2% during the 1st quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock worth $4,089,000 after acquiring an additional 9,681 shares during the period. Virtu Financial LLC grew its holdings in 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 valued at $7,967,000 after purchasing an additional 5,915 shares during the period. Caitlin John LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth approximately $33,000. Client First Investment Management LLC increased its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% during the fourth quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock worth $5,451,000 after purchasing an additional 3,519 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock worth $263,000 after purchasing an additional 699 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.