Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG) Shares Gap Down – Here’s What Happened

Direxion Daily Junior Gold Miners Index Bull 2X ETF (NYSEARCA:JNUG)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $195.79, but opened at $182.97. Direxion Daily Junior Gold Miners Index Bull 2X ETF shares last traded at $182.6270, with a volume of 55,248 shares.

Direxion Daily Junior Gold Miners Index Bull 2X ETF Trading Down 5.9%

The stock has a market cap of $587.83 million, a P/E ratio of 27.33 and a beta of 1.76. The business’s fifty day simple moving average is $153.07 and its 200 day simple moving average is $183.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JNUG. Virtu Financial LLC grew its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF by 18.1% during the 4th 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. Jump Financial LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF in the 3rd quarter valued at approximately $5,097,000. Client First Investment Management LLC raised its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X ETF by 15.4% in the 4th 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. IMC Chicago LLC boosted its stake in 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 worth $4,089,000 after acquiring an additional 9,681 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Direxion Daily Junior Gold Miners Index Bull 2X ETF by 693.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock worth $576,000 after acquiring an additional 6,339 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.