Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Up – Should You Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) gapped up before the market opened on Wednesday . The stock had previously closed at $159.88, but opened at $178.92. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $182.13, with a volume of 151,845 shares traded.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Up 17.8%

The firm has a market capitalization of $600.68 million, a price-to-earnings ratio of 27.33 and a beta of 1.64. The stock’s 50 day moving average price is $132.31 and its two-hundred day moving average price is $190.74.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. IMC Chicago LLC boosted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 89.2% during the 1st quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock worth $4,089,000 after acquiring an additional 9,681 shares in the last quarter. Virtu Financial LLC raised its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% during the fourth quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock worth $7,967,000 after purchasing an additional 5,915 shares during the last quarter. Caitlin John LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth $33,000. Client First Investment Management LLC boosted its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% during the fourth quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock worth $5,451,000 after purchasing an additional 3,519 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock valued at $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.