Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Cross Below 50 Day Moving Average of $38.12

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG – Get Rating) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $38.12 and traded as low as $32.21. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $33.72, with a volume of 3,474,154 shares traded.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Up 13.5 %

The company has a 50 day simple moving average of $38.12 and a two-hundred day simple moving average of $33.18. The company has a market capitalization of $276.17 million, a P/E ratio of 13.04 and a beta of 2.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Advisor Group Holdings Inc. grew its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 70.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 850 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 350 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 39.6% in the second quarter. JPMorgan Chase & Co. now owns 1,869 shares of the exchange traded fund’s stock worth $63,000 after purchasing an additional 530 shares in the last quarter. UBS Group AG bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the second quarter worth approximately $31,000. Banque Cantonale Vaudoise bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth approximately $48,000. Finally, Psagot Value Holdings Ltd. Israel bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth approximately $54,000.

About Direxion Daily Junior Gold Miners Index Bull 2X Shares

(Get Rating)

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.