Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Trading Down 7.9% – Time to Sell?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) traded down 7.9% during trading on Tuesday . The stock traded as low as $216.85 and last traded at $218.32. 173,648 shares were traded during mid-day trading, a decline of 43% from the average session volume of 303,725 shares. The stock had previously closed at $237.11.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Down 6.5%

The firm has a market capitalization of $512.09 million, a P/E ratio of 27.33 and a beta of 1.76. The company’s fifty day simple moving average is $240.87 and its 200 day simple moving average is $216.12.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JNUG. Qube Research & Technologies Ltd raised its holdings 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 worth $576,000 after purchasing an additional 6,339 shares in the last quarter. Headlands Technologies LLC raised its holdings in 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 worth $201,000 after purchasing an additional 2,504 shares in the last quarter. Client First Investment Management LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth $3,729,000. IMC Chicago LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth $3,403,000. Finally, JPMorgan Chase & Co. bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth $973,000.

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.