Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Down 6.1% – Time to Sell?

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) traded down 6.1% on Thursday . The stock traded as low as $159.92 and last traded at $160.98. 154,621 shares changed hands during trading, a decline of 49% from the average daily volume of 301,065 shares. The stock had previously closed at $171.39.

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

The firm has a 50-day moving average of $130.86 and a 200-day moving average of $194.23. The firm has a market capitalization of $533.66 million, a P/E ratio of 27.33 and a beta of 1.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC increased its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% in the fourth quarter. Virtu Financial LLC now owns 38,572 shares of the exchange traded fund’s stock worth $7,967,000 after buying an additional 5,915 shares during the period. IMC Chicago LLC grew its holdings in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 89.2% in the 1st quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock worth $4,089,000 after acquiring an additional 9,681 shares during the last quarter. Client First Investment Management LLC grew its holdings 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 worth $5,451,000 after acquiring an additional 3,519 shares during the last quarter. Rachor Investment Advisory Services LLC purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at about $137,000. Finally, SBI Securities Co. Ltd. increased its position 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 acquiring an additional 699 shares during the period.

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.