Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Share Price Cross Below 200-Day Moving Average – Time to Sell?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $219.25 and traded as low as $122.11. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $126.15, with a volume of 380,530 shares changing hands.

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

The stock has a 50-day moving average price of $174.22 and a 200-day moving average price of $219.25. The firm has a market capitalization of $320.42 million, a PE ratio of 27.33 and a beta of 1.53.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at approximately $973,000. Virtu Financial LLC increased its stake in shares of 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 worth $7,967,000 after buying an additional 5,915 shares during the last quarter. Client First Investment Management LLC increased its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% in 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 buying an additional 3,519 shares during the last quarter. ORG Partners LLC increased its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% in the fourth quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock worth $99,000 after buying an additional 101 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the second quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock valued at $576,000 after acquiring an additional 6,339 shares in the last quarter.

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.