Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Sees Unusually-High Trading Volume – Still a Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUGGet Free Report) saw an uptick in trading volume on Monday . Approximately 232,507 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 302,769 shares.The stock last traded at $188.49 and had previously closed at $195.95.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Down 2.2%

The company has a 50 day simple moving average of $142.12 and a two-hundred day simple moving average of $187.85. The company has a market capitalization of $611.49 million, a P/E ratio of 27.33 and a beta of 1.64.

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

Large investors have recently modified their holdings of the stock. Virtu Financial LLC boosted its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 18.1% during 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 raised its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 89.2% in the first quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock valued at $4,089,000 after acquiring an additional 9,681 shares during the period. Client First Investment Management LLC raised its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 15.4% in the fourth quarter. Client First Investment Management LLC now owns 26,392 shares of the exchange traded fund’s stock valued at $5,451,000 after acquiring an additional 3,519 shares during the period. Jump Financial LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth about $5,097,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth about $973,000.

About Direxion Daily Junior Gold Miners Index Bull 2X Shares

(Get Free Report)

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.

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