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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) shares 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 traded.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Up 1.9 %

The stock has a market cap of $336.44 million, a P/E ratio of 22.23 and a beta of 2.93. The firm’s fifty day moving average is $47.17 and its 200 day moving average is $45.91.

Institutional Trading of Direxion Daily Junior Gold Miners Index Bull 2X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth $211,000. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter worth $197,000. IMC Chicago LLC boosted its position in shares of 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 valued at $600,000 after acquiring an additional 4,019 shares in the last quarter. Ballew Advisors Inc acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at about $890,000. Finally, Visionary Wealth Advisors boosted its position in shares of 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 valued at $393,000 after acquiring an additional 2,851 shares in the last quarter.

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.