Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Trading Up 7% – Still a Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares shot up 7% on Monday . The stock traded as high as $318.88 and last traded at $317.8050. 93,703 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 324,098 shares. The stock had previously closed at $296.91.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Up 6.3%

The business has a 50-day moving average price of $253.33 and a 200-day moving average price of $181.86. The firm has a market capitalization of $849.17 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 firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were paid a $0.9282 dividend. This represents a $3.71 dividend on an annualized basis and a yield of 1.2%. This is a boost from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07. The ex-dividend date was Wednesday, December 31st.

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

Several hedge funds and other institutional investors have recently modified their holdings of JNUG. Simplex Trading LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 2nd quarter worth approximately $481,000. Qube Research & Technologies Ltd lifted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% during the second quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock worth $576,000 after buying an additional 6,339 shares during the period. Headlands Technologies LLC grew its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% during the second quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock valued at $201,000 after buying an additional 2,504 shares during the last quarter. Client First Investment Management LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter valued at $3,729,000. Finally, IMC Chicago LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth $3,403,000.

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.