Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Up – Here’s Why

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUGGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $173.41, but opened at $192.21. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $199.99, with a volume of 113,777 shares.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Up 16.1%

The firm’s 50 day simple moving average is $229.62 and its two-hundred day simple moving average is $217.07. The firm has a market cap of $511.28 million, a price-to-earnings ratio of 27.33 and a beta of 1.55.

Institutional Trading of Direxion Daily Junior Gold Miners Index Bull 2X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of JNUG. Qube Research & Technologies Ltd raised its stake in 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 purchasing an additional 6,339 shares in the last quarter. Headlands Technologies LLC raised its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock worth $201,000 after purchasing an additional 2,504 shares in the last quarter. IMC Chicago LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth about $3,403,000. JPMorgan Chase & Co. acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth about $973,000. Finally, Optiver Holding B.V. acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth about $579,000.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Direxion Daily Junior Gold Miners Index Bull 2X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Junior Gold Miners Index Bull 2X Shares and related companies with MarketBeat.com's FREE daily email newsletter.