Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Price Pass Below Fifty Day Moving Average – Here’s Why

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $158.10 and traded as low as $117.00. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $121.60, with a volume of 290,430 shares trading hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Up 7.1%

The firm has a market cap of $357.50 million, a PE ratio of 27.33 and a beta of 1.62. The company’s 50-day moving average is $158.10 and its 200 day moving average is $214.83.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. ORG Partners LLC boosted its position 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 period. TD Waterhouse Canada Inc. acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter valued at $28,000. Caitlin John LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter worth about $33,000. Rachor Investment Advisory Services LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter worth about $137,000. Finally, SBI Securities Co. Ltd. boosted its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock worth $263,000 after acquiring an additional 699 shares during the period.

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.