Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Sees Significant Decrease in Short Interest

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 114,917 shares, a decline of 56.8% from the June 15th total of 266,203 shares. Currently, 3.9% of the company’s shares are short sold. Based on an average trading volume of 371,022 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at $28,000. Caitlin John LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth about $33,000. ORG Partners LLC lifted its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% during the 4th quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock worth $99,000 after acquiring an additional 101 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth about $137,000. Finally, SBI Securities Co. Ltd. boosted its holdings 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 valued at $263,000 after acquiring an additional 699 shares during the period.

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

Shares of JNUG stock traded down $9.79 during trading hours on Thursday, hitting $105.59. The company had a trading volume of 347,237 shares, compared to its average volume of 304,280. The stock has a market capitalization of $315.71 million, a PE ratio of 27.33 and a beta of 1.62. The company’s fifty day moving average is $152.81 and its 200 day moving average is $211.67. Direxion Daily Junior Gold Miners Index Bull 2X Shares has a fifty-two week low of $70.02 and a fifty-two week high of $363.55.

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.