Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Pass Below 200 Day Moving Average of $32.56

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.56 and traded as low as $28.42. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $28.68, with a volume of 1,789,123 shares.

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

The company has a market capitalization of $237.76 million, a P/E ratio of 13.04 and a beta of 2.57. The stock’s 50 day moving average is $27.75 and its 200-day moving average is $32.39.

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

Institutional investors have recently bought and sold shares of the stock. UBS Group AG bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the second quarter valued at approximately $31,000. Advisor Group Holdings Inc. increased its position 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 acquiring an additional 350 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 39.6% during the second quarter. JPMorgan Chase & Co. now owns 1,869 shares of the exchange traded fund’s stock valued at $63,000 after acquiring an additional 530 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 145.3% during the first quarter. Tower Research Capital LLC TRC now owns 2,323 shares of the exchange traded fund’s stock valued at $98,000 after acquiring an additional 1,376 shares in the last quarter. Finally, CWM LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the second quarter valued at approximately $111,000.

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.