Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Share Price Pass Above Fifty Day Moving Average of $30.51

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $30.51 and traded as high as $39.88. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $39.38, with a volume of 1,445,584 shares changing hands.

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

The stock has a market capitalization of $318.58 million, a P/E ratio of 24.26 and a beta of 1.90. The business’s 50 day simple moving average is $30.51 and its 200-day simple moving average is $29.90.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. boosted 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 worth $31,000 after purchasing an additional 350 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 5.5% during the first quarter. HighTower Advisors LLC now owns 7,994 shares of the exchange traded fund’s stock worth $337,000 after purchasing an additional 418 shares in the last quarter. JPMorgan Chase & Co. boosted 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 worth $63,000 after purchasing an additional 530 shares in the last quarter. UBS Group AG bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the second quarter worth $31,000. Finally, Morgan Stanley boosted its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 41.3% during the fourth quarter. Morgan Stanley now owns 6,036 shares of the exchange traded fund’s stock worth $218,000 after purchasing an additional 1,765 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.