Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Down 12.6% – Time to Sell?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) traded down 12.6% on Thursday . The stock traded as low as $303.01 and last traded at $309.7990. 252,567 shares were traded during trading, a decline of 18% from the average session volume of 306,440 shares. The stock had previously closed at $354.57.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Down 11.7%

The stock has a market capitalization of $810.94 million, a price-to-earnings ratio of 27.33 and a beta of 1.45. The stock has a 50-day simple moving average of $222.25 and a 200 day simple moving average of $158.81.

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 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, December 31st. This is an increase from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07.

Hedge Funds Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Client First Investment Management LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter worth $3,729,000. Simplex Trading LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 2nd quarter valued at approximately $481,000. TD Waterhouse Canada Inc. acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter worth approximately $28,000. Austin Wealth Management LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth approximately $295,000. Finally, Jump Financial LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter valued at approximately $5,097,000.

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.