Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) Shares Down 9% – Here’s Why

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG)’s stock price fell 9% on Monday . The stock traded as low as $166.10 and last traded at $167.3460. 137,782 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 298,914 shares. The stock had previously closed at $183.83.

Direxion Daily Junior Gold Miners Index Bull 2X ETF Stock Down 6.6%

The stock’s fifty day moving average is $155.07 and its two-hundred day moving average is $181.69. The firm has a market capitalization of $547.96 million, a price-to-earnings ratio of 27.33 and a beta of 1.76.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Virtu Financial LLC lifted its stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF by 18.1% in the 4th quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock valued at $7,967,000 after purchasing an additional 5,915 shares during the last quarter. Jump Financial LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF in the third quarter valued at approximately $5,097,000. Client First Investment Management LLC raised its stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF by 15.4% in the fourth quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock valued at $5,451,000 after buying an additional 3,519 shares during the period. IMC Chicago LLC raised its stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF by 89.2% in the first quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock valued at $4,089,000 after buying an additional 9,681 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF 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 buying an additional 6,339 shares during the last quarter.

Direxion Daily Junior Gold Miners Index Bull 2X ETF 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.