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:JNUGGet Free Report)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $41.48 and traded as high as $43.33. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $42.06, with a volume of 691,300 shares traded.

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

The firm’s 50 day moving average price is $41.48 and its two-hundred day moving average price is $44.25. The stock has a market cap of $329.75 million, a PE ratio of 22.18 and a beta of 1.90.

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

A number of institutional investors have recently added to or reduced their stakes in the business. IMC Chicago LLC raised its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 32.3% during the fourth quarter. IMC Chicago LLC now owns 16,447 shares of the exchange traded fund’s stock worth $600,000 after acquiring an additional 4,019 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter valued at $211,000. International Assets Investment Management LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth $911,000. Finally, Ballew Advisors Inc purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter worth $890,000.

About Direxion Daily Junior Gold Miners Index Bull 2X Shares

(Get Free Report)

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.

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