Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Trading Up 6.3% – What’s Next?

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) rose 6.3% during mid-day trading on Wednesday . The stock traded as high as $49.75 and last traded at $49.34. Approximately 633,042 shares changed hands during trading, a decline of 50% from the average daily volume of 1,261,533 shares. The stock had previously closed at $46.40.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Performance

The company has a market capitalization of $332.34 million, a PE ratio of 22.18 and a beta of 1.90. The company has a 50 day moving average price of $47.63 and a 200 day moving average price of $44.23.

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

Several hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at $211,000. PFG Investments LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the second quarter valued at about $224,000. International Assets Investment Management LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth about $911,000. Finally, Virtu Financial LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the second quarter worth about $1,354,000.

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.