Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Down – What’s Next?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $211.50, but opened at $203.18. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $203.25, with a volume of 53,875 shares trading hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Up 3.0%

The stock has a market cap of $694.75 million, a PE ratio of 27.33 and a beta of 1.64. The company has a fifty day moving average price of $137.58 and a 200 day moving average price of $189.05.

Hedge Funds Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jump Financial LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter valued at about $5,097,000. IMC Chicago LLC boosted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 89.2% during the first quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock worth $4,089,000 after purchasing an additional 9,681 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the second quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock worth $576,000 after purchasing an additional 6,339 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter worth about $973,000. Finally, Virtu Financial LLC increased its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% during the 4th quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock valued at $7,967,000 after purchasing an additional 5,915 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.