Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Share Price Pass Above Fifty Day Moving Average of $30.51

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $30.51 and traded as high as $39.88. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $39.38, with a volume of 1,445,584 shares.

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

The firm has a market capitalization of $318.58 million, a P/E ratio of 24.26 and a beta of 1.90. The business has a fifty day moving average of $30.51 and a 200-day moving average of $29.90.

Hedge Funds Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JNUG. Simplex Trading LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth approximately $3,268,000. Jane Street Group LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the first quarter worth approximately $2,986,000. IMC Chicago LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth approximately $1,560,000. GTS Securities LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the second quarter worth approximately $709,000. Finally, UBS Group AG lifted its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 2,253.3% in the third quarter. UBS Group AG now owns 21,533 shares of the exchange traded fund’s stock worth $569,000 after purchasing an additional 20,618 shares during the period.

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.