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)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $278.01, but opened at $296.49. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $281.2470, with a volume of 87,732 shares trading hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Up 11.5%

The firm’s fifty day moving average price is $244.97 and its 200 day moving average price is $173.56. The firm has a market capitalization of $737.30 million, a PE ratio of 27.33 and a beta of 1.45.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.9282 per share. The ex-dividend date was Wednesday, December 31st. This represents a $3.71 annualized dividend and a dividend yield of 1.4%. This is a positive change from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07.

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

Institutional investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth $28,000. ORG Partners LLC boosted its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% in the fourth quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock worth $99,000 after purchasing an additional 101 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth $137,000. Headlands Technologies LLC increased its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% during the second quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock worth $201,000 after buying an additional 2,504 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock valued at $263,000 after buying an additional 699 shares in 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.