Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Price Pass Above 50 Day Moving Average – What’s Next?

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $47.17 and traded as high as $58.50. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $57.61, with a volume of 817,464 shares changing hands.

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

The firm has a market capitalization of $336.44 million, a P/E ratio of 22.23 and a beta of 2.93. The stock has a 50-day moving average of $47.17 and a 200 day moving average of $45.92.

Institutional Investors Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares

A number of large investors have recently bought and sold shares of the business. Visionary Wealth Advisors lifted its holdings in 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 worth $393,000 after buying an additional 2,851 shares in the last quarter. IMC Chicago LLC lifted its holdings in 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 worth $600,000 after buying an additional 4,019 shares in the last quarter. HighTower Advisors LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth $211,000. SBI Securities Co. Ltd. acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth $197,000. Finally, Ballew Advisors Inc acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth $890,000.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Company Profile

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.