Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Price Down 10.2% – Here’s Why

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares fell 10.2% on Friday . The company traded as low as $193.20 and last traded at $193.25. Approximately 368,435 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 301,134 shares. The stock had previously closed at $215.14.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Down 9.7%

The stock has a fifty day moving average of $141.12 and a two-hundred day moving average of $188.45. The stock has a market cap of $619.79 million, a price-to-earnings ratio of 27.33 and a beta of 1.64.

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

Several large investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd raised its stake 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 worth $576,000 after buying an additional 6,339 shares during the last quarter. Headlands Technologies LLC increased its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% during the 2nd quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock valued at $201,000 after acquiring an additional 2,504 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at about $973,000. Jump Financial LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth about $5,097,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock valued at $263,000 after purchasing an additional 699 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.