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

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUGGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $237.80, but opened at $213.12. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $206.5830, with a volume of 134,298 shares.

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

The firm has a market cap of $706.22 million, a PE ratio of 27.33 and a beta of 1.45. The firm has a 50-day simple moving average of $169.39 and a 200 day simple moving average of $130.41.

Hedge Funds 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 JNUG. Jump Financial LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter valued at $5,097,000. Client First Investment Management LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter valued at approximately $3,729,000. IMC Chicago LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter valued at approximately $3,403,000. Qube Research & Technologies Ltd lifted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock valued at $576,000 after purchasing an additional 6,339 shares during the last quarter. Finally, Simplex Trading LLC purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 2nd quarter worth approximately $481,000.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Company Profile

(Get Free Report)

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.

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