Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Trading Down 8.2% – Should You Sell?

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) dropped 8.2% on Thursday . The company traded as low as $269.00 and last traded at $271.27. Approximately 132,508 shares were traded during trading, a decline of 58% from the average daily volume of 318,114 shares. The stock had previously closed at $295.42.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Down 10.8%

The stock has a market capitalization of $708.55 million, a price-to-earnings ratio of 27.33 and a beta of 1.45. The stock has a 50 day moving average price of $271.06 and a 200 day moving average price of $194.31.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were given a $0.9282 dividend. This is an increase from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07. The ex-dividend date was Wednesday, December 31st. This represents a $3.71 annualized dividend and a yield of 1.4%.

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

Several institutional investors have recently modified their holdings of JNUG. TD Waterhouse Canada Inc. acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at $28,000. Caitlin John LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter valued at about $33,000. 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 valued at $99,000 after buying an additional 101 shares during the period. Rachor Investment Advisory Services LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth about $137,000. Finally, SBI Securities Co. Ltd. lifted its stake 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 worth $263,000 after acquiring an additional 699 shares during the period.

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.