Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) Stock Price Down 3.6% – Should You Sell?

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) was down 3.6% on Wednesday. The company traded as low as $118.94 and last traded at $119.49. Approximately 244,354 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 296,318 shares. The stock had previously closed at $123.90.

Direxion Daily Junior Gold Miners Index Bull 2X ETF Stock Down 3.6%

The firm has a market capitalization of $387.15 million, a price-to-earnings ratio of 27.33 and a beta of 1.70. The company has a fifty day moving average price of $147.41 and a two-hundred day moving average price of $182.86.

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

A hedge fund recently raised its stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF stock. IMC Chicago LLC increased its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) by 89.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,530 shares of the exchange traded fund’s stock after purchasing an additional 9,681 shares during the period. IMC Chicago LLC owned 0.81% of Direxion Daily Junior Gold Miners Index Bull 2X ETF worth $4,089,000 as of its most recent SEC filing.

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.