Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Down 8.2% – What’s Next?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price fell 8.2% on Thursday . The stock traded as low as $269.00 and last traded at $271.27. 132,508 shares were traded during trading, a decline of 58% from the average session volume of 318,114 shares. The stock had previously closed at $295.42.

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

The business has a fifty day simple moving average of $272.53 and a 200 day simple moving average of $196.06. The stock has a market capitalization of $721.08 million, a price-to-earnings ratio of 27.33 and a beta of 1.45.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were given a $0.9282 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This is a boost from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07. This represents a $3.71 dividend on an annualized basis and a dividend yield of 1.4%.

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

A number of hedge funds have recently bought and sold shares of the business. TD Waterhouse Canada Inc. acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter worth about $28,000. Caitlin John LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter valued at about $33,000. ORG Partners LLC grew its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% during the 4th quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock worth $99,000 after purchasing an additional 101 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth approximately $137,000. Finally, Headlands Technologies LLC increased its holdings in shares of 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 worth $201,000 after purchasing an additional 2,504 shares during the period.

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.