Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Reaches New 1-Year High – Should You Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares hit a new 52-week high on Friday . The stock traded as high as $237.00 and last traded at $231.8620, with a volume of 48419 shares. The stock had previously closed at $227.14.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Up 2.7%

The stock has a market capitalization of $790.98 million, a P/E ratio of 27.33 and a beta of 1.45. The firm’s 50 day simple moving average is $168.10 and its two-hundred day simple moving average is $128.69.

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

A number of hedge funds have recently added to or reduced their stakes in JNUG. Jump Financial LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter valued at $5,097,000. Optiver Holding B.V. acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth approximately $579,000. JPMorgan Chase & Co. acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter worth $973,000. IMC Chicago LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth about $3,403,000. Finally, Client First Investment Management LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth about $3,729,000.

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.