Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Sets New 12-Month High – Here’s What Happened

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $255.51 and last traded at $257.86, with a volume of 103954 shares. The stock had previously closed at $235.52.

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

The firm has a market cap of $702.83 million, a price-to-earnings ratio of 27.33 and a beta of 1.45. The firm’s 50 day simple moving average is $183.96 and its two-hundred day simple moving average is $140.01.

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

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

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

Hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC lifted its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 405.2% during the 2nd quarter. ORG Partners LLC now owns 1,263 shares of the exchange traded fund’s stock valued at $100,000 after acquiring an additional 1,013 shares during the period. Headlands Technologies LLC raised its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% in the second quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock valued at $201,000 after purchasing an additional 2,504 shares in the last quarter. Optiver Holding B.V. bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth about $579,000. JPMorgan Chase & Co. acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth about $973,000. Finally, Simplex Trading LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the second quarter worth about $481,000.

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.