Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Share Price Pass Above 50-Day Moving Average – Should You Sell?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $46.35 and traded as high as $60.66. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $60.17, with a volume of 698,562 shares changing hands.

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

The firm has a 50 day simple moving average of $46.35 and a two-hundred day simple moving average of $42.49. The stock has a market cap of $471.73 million, a P/E ratio of 22.18 and a beta of 1.90.

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. Jane Street Group LLC raised its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 159.5% during the 1st quarter. Jane Street Group LLC now owns 526,726 shares of the exchange traded fund’s stock valued at $17,551,000 after acquiring an additional 323,749 shares in the last quarter. Pineridge Advisors LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 1st quarter worth $2,074,000. Virtu Financial LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 2nd quarter worth $1,354,000. International Assets Investment Management LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth $911,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 1st quarter worth $553,000.

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.