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

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) gapped up before the market opened on Wednesday . The stock had previously closed at $207.24, but opened at $236.90. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $231.39, with a volume of 131,727 shares changing hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Up 0.8%

The stock has a market cap of $593.82 million, a P/E ratio of 27.33 and a beta of 1.76. The stock’s fifty day moving average price is $245.92 and its 200 day moving average price is $211.20.

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

A number of hedge funds have recently modified their holdings of the business. Virtu Financial LLC boosted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% during the 4th quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock valued at $7,967,000 after buying an additional 5,915 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at $5,097,000. Client First Investment Management LLC boosted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% during the 4th quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock valued at $5,451,000 after buying an additional 3,519 shares in the last quarter. IMC Chicago LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at $3,403,000. Finally, Qube Research & Technologies Ltd boosted its holdings 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 valued at $576,000 after buying an additional 6,339 shares in the last quarter.

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.