Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Up 9.7% – Still a Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price shot up 9.7% during trading on Wednesday . The stock traded as high as $218.50 and last traded at $218.50. 159,334 shares were traded during mid-day trading, a decline of 51% from the average session volume of 322,387 shares. The stock had previously closed at $199.15.

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

The stock has a 50 day simple moving average of $261.84 and a two-hundred day simple moving average of $208.45. The firm has a market cap of $599.36 million, a PE ratio of 27.33 and a beta of 1.45.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC raised its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% during the fourth quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock valued at $7,967,000 after acquiring an additional 5,915 shares in the last quarter. Caitlin John LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter worth approximately $33,000. Client First Investment Management LLC grew its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% during the 4th quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock worth $5,451,000 after purchasing an additional 3,519 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of 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 in the last quarter. Finally, Rachor Investment Advisory Services LLC purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at approximately $137,000.

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.