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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) gapped up before the market opened on Wednesday . The stock had previously closed at $278.01, but opened at $296.49. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $281.2470, with a volume of 87,732 shares changing hands.

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

The company has a market capitalization of $776.20 million, a price-to-earnings ratio of 27.33 and a beta of 1.45. The company has a 50 day moving average price of $239.25 and a 200 day moving average price of $170.77.

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. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.9282 per share. 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 1.3%. The ex-dividend date was Wednesday, December 31st.

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

A number of large investors have recently modified their holdings of the company. Client First Investment Management LLC grew its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% in the 4th quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock valued at $5,451,000 after purchasing an additional 3,519 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock valued at $263,000 after buying an additional 699 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at $137,000. TD Waterhouse Canada Inc. acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter valued at about $28,000. Finally, Austin Wealth Management LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth about $295,000.

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.