Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Sets New 12-Month High – Time to Buy?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $237.00 and last traded at $231.8620, with a volume of 48419 shares traded. The stock had previously closed at $227.14.

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

The stock has a market cap of $806.14 million, a price-to-earnings ratio of 27.33 and a beta of 1.45. The business’s 50 day moving average is $169.39 and its 200 day moving average is $130.08.

Institutional Investors Weigh In On Direxion Daily Junior Gold Miners Index Bull 2X Shares

Several hedge funds and other institutional investors have recently made changes to their positions in JNUG. ORG Partners LLC increased its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 405.2% in the second quarter. ORG Partners LLC now owns 1,263 shares of the exchange traded fund’s stock valued at $100,000 after purchasing an additional 1,013 shares during the last quarter. Headlands Technologies LLC boosted its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock valued at $201,000 after buying an additional 2,504 shares in the last quarter. Walleye Trading LLC purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 1st quarter valued at $255,000. HighTower Advisors LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 1st quarter worth $274,000. Finally, Simplex Trading LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 2nd quarter worth $481,000.

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.