Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Price Cross Above Fifty Day Moving Average – Here’s What Happened

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $53.56 and traded as high as $63.25. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $61.99, with a volume of 833,969 shares trading hands.

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

The firm’s 50 day simple moving average is $53.56 and its 200 day simple moving average is $47.93. The firm has a market capitalization of $309.33 million, a price-to-earnings ratio of 23.34 and a beta of 2.13.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.82 per share. This is a boost from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, March 25th.

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

Institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at approximately $211,000. SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at approximately $197,000. IMC Chicago LLC increased its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 32.3% during the 4th quarter. IMC Chicago LLC now owns 16,447 shares of the exchange traded fund’s stock valued at $600,000 after purchasing an additional 4,019 shares in the last quarter. Ballew Advisors Inc purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at approximately $890,000. Finally, Visionary Wealth Advisors increased its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 36.0% during the 4th quarter. Visionary Wealth Advisors now owns 10,765 shares of the exchange traded fund’s stock valued at $393,000 after purchasing an additional 2,851 shares in the last quarter.

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.