Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) Stock Falls 3.6% – Here’s Why

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG)’s stock price fell 3.6% during trading on Wednesday. The stock traded as low as $118.94 and last traded at $119.49. 244,354 shares were traded during trading, a decline of 18% from the average daily volume of 296,318 shares. The stock had previously closed at $123.90.

Direxion Daily Junior Gold Miners Index Bull 2X ETF Stock Down 3.6%

The stock has a market capitalization of $387.15 million, a PE ratio of 27.33 and a beta of 1.70. The business’s 50-day moving average is $147.41 and its two-hundred day moving average is $182.86.

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

An institutional investor recently raised its stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF stock. IMC Chicago LLC increased its position in Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) by 89.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 20,530 shares of the exchange traded fund’s stock after purchasing an additional 9,681 shares during the period. IMC Chicago LLC owned 0.81% of Direxion Daily Junior Gold Miners Index Bull 2X ETF worth $4,089,000 at the end of the most recent quarter.

Direxion Daily Junior Gold Miners Index Bull 2X ETF 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.