Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Down – Here’s What Happened

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) gapped down prior to trading on Wednesday . The stock had previously closed at $225.25, but opened at $206.12. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $200.16, with a volume of 115,978 shares trading hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Down 12.6%

The business’s 50-day moving average is $275.55 and its two-hundred day moving average is $204.56. The stock has a market capitalization of $455.09 million, a PE ratio of 27.33 and a beta of 1.45.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.9282 per share. 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 2.2%. The ex-dividend date was Wednesday, December 31st.

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

A number of large investors have recently modified their holdings of JNUG. Jump Financial LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at about $5,097,000. Client First Investment Management LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth approximately $3,729,000. IMC Chicago LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth approximately $3,403,000. Qube Research & Technologies Ltd grew its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the second quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock valued at $576,000 after acquiring an additional 6,339 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter valued at approximately $973,000.

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.