Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Trading Down 8.2% – Time to Sell?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price were down 8.2% on Thursday . The company traded as low as $269.00 and last traded at $271.27. Approximately 132,508 shares traded hands during trading, a decline of 58% from the average daily volume of 318,114 shares. The stock had previously closed at $295.42.

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

The stock’s 50 day moving average price is $271.06 and its 200 day moving average price is $194.31. The company has a market capitalization of $708.55 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were given a $0.9282 dividend. This is a boost from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.71 annualized dividend and a dividend yield of 1.4%.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Simplex Trading LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the second quarter worth approximately $481,000. Qube Research & Technologies Ltd grew its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock worth $576,000 after buying an additional 6,339 shares during the period. Headlands Technologies LLC increased its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock valued at $201,000 after acquiring an additional 2,504 shares in the last quarter. 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 valued at $3,729,000. Finally, IMC Chicago LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at $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.