Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Trading Down 12.7% – Should You Sell?

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) traded down 12.7% during trading on Thursday . The company traded as low as $266.16 and last traded at $260.8030. 141,585 shares were traded during trading, a decline of 58% from the average session volume of 336,016 shares. The stock had previously closed at $298.74.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Down 17.7%

The company has a market capitalization of $661.23 million, a P/E ratio of 27.33 and a beta of 1.45. The company’s 50 day moving average is $241.67 and its 200-day moving average is $171.66.

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

The firm also recently announced 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 positive change 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 1.5%. The ex-dividend date of this dividend was Wednesday, December 31st.

Institutional Trading of Direxion Daily Junior Gold Miners Index Bull 2X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter valued at $28,000. ORG Partners LLC raised its position in shares of 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 purchasing an additional 101 shares during the last quarter. Rachor Investment Advisory Services LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter worth about $137,000. Headlands Technologies LLC boosted its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock worth $201,000 after purchasing an additional 2,504 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its position 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 last quarter.

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.