Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Cross Above Fifty Day Moving Average of $41.68

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $41.68 and traded as high as $45.39. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $45.21, with a volume of 645,866 shares trading hands.

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

The stock’s 50 day moving average is $41.68 and its 200 day moving average is $37.34. The company has a market capitalization of $354.45 million, a PE ratio of 22.18 and a beta of 1.90.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Ballew Advisors Inc boosted its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 7.7% during the second quarter. Ballew Advisors Inc now owns 8,616 shares of the exchange traded fund’s stock valued at $321,000 after buying an additional 617 shares during the period. Headlands Technologies LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter valued at about $62,000. HTLF Bank grew its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 11.9% during the first quarter. HTLF Bank now owns 36,615 shares of the exchange traded fund’s stock worth $1,220,000 after purchasing an additional 3,895 shares in the last quarter. PFG Investments LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the second quarter worth approximately $224,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at approximately $208,000.

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.