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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) gapped up prior to trading on Tuesday . The stock had previously closed at $234.02, but opened at $264.32. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $258.2830, with a volume of 87,980 shares changing hands.

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

The firm has a market cap of $672.46 million, a price-to-earnings ratio of 27.33 and a beta of 1.45. The stock has a 50-day moving average price of $229.44 and a 200 day moving average price of $163.29.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.9282 per share. This represents a $3.71 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, December 31st. This is an increase from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07.

Hedge Funds Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth approximately $28,000. ORG Partners LLC lifted its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% in the fourth 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 during the period. Rachor Investment Advisory Services LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at approximately $137,000. Headlands Technologies LLC raised its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% in the second quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock valued at $201,000 after buying an additional 2,504 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock worth $263,000 after purchasing an additional 699 shares during the last quarter.

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.