Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Trading 9.7% Higher – Here’s What Happened

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price shot up 9.7% during mid-day trading on Thursday . The company traded as high as $311.26 and last traded at $313.21. 117,926 shares were traded during mid-day trading, a decline of 55% from the average session volume of 262,818 shares. The stock had previously closed at $285.60.

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

The firm has a market capitalization of $840.95 million, a P/E ratio of 27.33 and a beta of 1.45. The business has a 50 day moving average price of $203.78 and a 200 day moving average price of $149.90.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were given a $0.9282 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $3.71 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. ORG Partners LLC boosted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% in the 4th quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock valued at $99,000 after purchasing an additional 101 shares in the last quarter. Headlands Technologies LLC lifted its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% during the 2nd 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. bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at about $579,000. JPMorgan Chase & Co. acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter valued at about $973,000. Finally, Simplex Trading LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the second quarter worth about $481,000.

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.