Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Sets New 52-Week High – What’s Next?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $357.66 and last traded at $360.0880, with a volume of 96634 shares traded. The stock had previously closed at $330.21.

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

The company’s fifty day moving average is $210.69 and its two-hundred day moving average is $153.86. The firm has a market cap of $916.35 million, a price-to-earnings ratio of 27.33 and a beta of 1.45.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were given a $0.9282 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07. This represents a $3.71 annualized dividend and a dividend yield of 1.0%.

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

Several hedge funds have recently modified their holdings of the stock. Jump Financial LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth approximately $5,097,000. Client First Investment Management LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth $3,729,000. IMC Chicago LLC purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter valued at $3,403,000. Qube Research & Technologies Ltd grew its holdings 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 valued at $576,000 after purchasing an additional 6,339 shares in the last quarter. Finally, Simplex Trading LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 2nd quarter valued at $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.