Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Hits New 12-Month High – Should You Buy?

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) hit a new 52-week high during trading on Thursday . The stock traded as high as $210.73 and last traded at $208.7640, with a volume of 338793 shares traded. The stock had previously closed at $190.51.

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

The firm has a market cap of $693.46 million, a P/E ratio of 27.33 and a beta of 1.45. The firm’s 50-day moving average price is $160.15 and its 200 day moving average price is $118.74.

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

A number of institutional investors have recently made changes to their positions in JNUG. ORG Partners LLC raised its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 405.2% during the 2nd quarter. ORG Partners LLC now owns 1,263 shares of the exchange traded fund’s stock valued at $100,000 after acquiring an additional 1,013 shares in the last quarter. Headlands Technologies LLC increased its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% during the second quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock valued at $201,000 after purchasing an additional 2,504 shares during the last quarter. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth $579,000. Walleye Trading LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the first quarter worth $255,000. Finally, HighTower Advisors LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 1st quarter worth about $274,000.

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.