Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Trading 8.2% Higher – Time to Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price rose 8.2% during trading on Monday . The stock traded as high as $268.10 and last traded at $269.0310. Approximately 80,061 shares were traded during trading, a decline of 77% from the average daily volume of 342,373 shares. The stock had previously closed at $248.57.

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

The company has a market cap of $757.24 million, a P/E ratio of 27.33 and a beta of 1.45. The firm has a 50 day moving average price of $235.32 and a 200-day moving average price of $167.94.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.9282 per share. This represents a $3.71 annualized dividend and a yield of 1.3%. This is a boost from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07. The ex-dividend date was Wednesday, December 31st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Partners LLC raised its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% in the 4th quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock worth $99,000 after acquiring an additional 101 shares during the period. TD Waterhouse Canada Inc. acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at about $28,000. Rachor Investment Advisory Services LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth about $137,000. SBI Securities Co. Ltd. boosted its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% during the 4th 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 period. Finally, Austin Wealth Management LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at approximately $295,000.

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.