Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Up – Here’s Why

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $173.41, but opened at $192.21. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $199.99, with a volume of 113,777 shares changing hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Up 16.1%

The firm’s 50-day moving average price is $229.62 and its 200 day moving average price is $217.07. The company has a market capitalization of $511.28 million, a price-to-earnings ratio of 27.33 and a beta of 1.55.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ORG Partners LLC grew its holdings in shares of 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 valued at $99,000 after purchasing an additional 101 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at approximately $28,000. Caitlin John LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at approximately $33,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at approximately $137,000. Finally, SBI Securities Co. Ltd. grew its holdings in shares of 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 purchasing an additional 699 shares during 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.