Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Trading 9.5% Higher – Here’s Why

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price shot up 9.5% on Monday . The company traded as high as $230.43 and last traded at $223.1740. 137,278 shares traded hands during trading, a decline of 22% from the average session volume of 176,710 shares. The stock had previously closed at $203.88.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Up 8.9%

The firm has a market cap of $619.37 million, a price-to-earnings ratio of 27.33 and a beta of 1.45. The stock has a 50 day moving average of $174.81 and a 200 day moving average of $134.71.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.9282 per share. 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 of this dividend is Wednesday, December 31st. This represents a $3.71 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Investors Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth $5,097,000. Client First Investment Management LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter valued at approximately $3,729,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at approximately $3,403,000. Qube Research & Technologies Ltd increased its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock worth $576,000 after purchasing an additional 6,339 shares in the last quarter. Finally, Simplex Trading LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 2nd quarter valued at approximately $481,000.

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.