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

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) gapped up prior to trading on Wednesday . The stock had previously closed at $251.59, but opened at $263.00. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $252.7520, with a volume of 66,962 shares traded.

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

The stock’s 50-day moving average price is $188.90 and its 200 day moving average price is $142.48. The firm has a market capitalization of $693.05 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 disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.9282 per share. This represents a $3.71 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, December 31st. This is an increase from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. ORG Partners LLC grew its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 405.2% in the second quarter. ORG Partners LLC now owns 1,263 shares of the exchange traded fund’s stock valued at $100,000 after purchasing an additional 1,013 shares during the last quarter. Simplex Trading LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 2nd quarter valued at about $481,000. Qube Research & Technologies Ltd grew its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock worth $576,000 after buying an additional 6,339 shares during the last quarter. Headlands Technologies LLC raised its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% during the 2nd quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock worth $201,000 after acquiring an additional 2,504 shares in the last quarter. Finally, Client First Investment Management LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth approximately $3,729,000.

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.