Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Trading 8.2% Higher – What’s Next?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price were up 8.2% during mid-day trading on Monday . The company traded as high as $268.10 and last traded at $269.0310. Approximately 80,061 shares changed hands during trading, a decline of 77% from the average daily volume of 342,373 shares. The stock had previously closed at $248.57.

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

The business has a 50 day moving average price of $241.67 and a two-hundred day moving average price of $171.66. The company has a market cap of $803.61 million, a P/E 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 disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were given a $0.9282 dividend. 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. This represents a $3.71 annualized dividend and a yield of 1.2%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JNUG. Jump Financial LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at $5,097,000. Client First Investment Management LLC increased its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% in the fourth quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock valued at $5,451,000 after acquiring an additional 3,519 shares during the period. IMC Chicago LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter valued at about $3,403,000. Qube Research & Technologies Ltd grew its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the second 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 during the last quarter. Finally, Simplex Trading LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 2nd quarter valued at about $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.