Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) Trading Up 5.8% – What’s Next?

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG)’s share price shot up 5.8% on Friday . The stock traded as high as $193.38 and last traded at $190.8290. Approximately 73,542 shares traded hands during trading, a decline of 75% from the average daily volume of 299,296 shares. The stock had previously closed at $180.34.

Direxion Daily Junior Gold Miners Index Bull 2X ETF Stock Up 2.0%

The company has a market capitalization of $587.00 million, a PE ratio of 27.33 and a beta of 1.76. The firm’s 50-day moving average is $154.04 and its 200-day moving average is $182.62.

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

A number of large investors have recently modified their holdings of JNUG. Caitlin John LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF in the fourth quarter worth approximately $33,000. Headlands Technologies LLC lifted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF by 8,942.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock worth $201,000 after acquiring an additional 2,504 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF 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 in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF in the 3rd quarter valued at $973,000. Finally, IMC Chicago LLC grew its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF by 89.2% during the 1st quarter. IMC Chicago LLC now owns 20,530 shares of the exchange traded fund’s stock valued at $4,089,000 after purchasing an additional 9,681 shares during the last quarter.

About Direxion Daily Junior Gold Miners Index Bull 2X ETF

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.