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

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) gapped up before the market opened on Wednesday . The stock had previously closed at $190.93, but opened at $200.00. Direxion Daily Junior Gold Miners Index Bull 2X ETF shares last traded at $198.8030, with a volume of 38,156 shares changing hands.

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

The company has a market capitalization of $575.28 million, a PE ratio of 27.33 and a beta of 1.76. The firm’s fifty day simple moving average is $154.04 and its 200 day simple moving average is $182.62.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC boosted its holdings in Direxion Daily Junior Gold Miners Index Bull 2X ETF by 18.1% during the fourth quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock worth $7,967,000 after buying an additional 5,915 shares in the last quarter. IMC Chicago LLC increased its holdings in Direxion Daily Junior Gold Miners Index Bull 2X ETF by 89.2% in the first quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock valued at $4,089,000 after buying an additional 9,681 shares in the last quarter. Client First Investment Management LLC raised its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF by 15.4% in the fourth quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock worth $5,451,000 after acquiring an additional 3,519 shares during the period. Jump Financial LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF in the third quarter worth about $5,097,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF during the 3rd quarter worth about $973,000.

Direxion Daily Junior Gold Miners Index Bull 2X ETF 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.