Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Down – Should You Sell?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $193.43, but opened at $179.20. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $187.21, with a volume of 100,938 shares traded.

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

The firm has a market capitalization of $585.41 million, a P/E ratio of 27.33 and a beta of 1.64. The company has a 50-day moving average price of $143.13 and a 200-day moving average price of $187.25.

Institutional Trading of Direxion Daily Junior Gold Miners Index Bull 2X Shares

Several hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth approximately $5,097,000. IMC Chicago LLC boosted its holdings in shares of 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 valued at $4,089,000 after buying an additional 9,681 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock valued at $576,000 after purchasing an additional 6,339 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth approximately $973,000. Finally, Virtu Financial LLC increased its holdings 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 valued at $7,967,000 after purchasing an additional 5,915 shares during 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.