Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Shares Gap Down – Should You Sell?

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) gapped down prior to trading on Friday . The stock had previously closed at $322.64, but opened at $263.00. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $272.2630, with a volume of 110,210 shares trading hands.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Stock Down 27.1%

The stock has a market cap of $597.41 million, a price-to-earnings ratio of 27.33 and a beta of 1.45. The stock’s fifty day moving average is $227.88 and its 200-day moving average is $161.60.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 31st were given a $0.9282 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $3.71 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous quarterly dividend of $0.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Simplex Trading LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the second quarter worth about $481,000. Qube Research & Technologies Ltd grew its position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 693.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 7,253 shares of the exchange traded fund’s stock valued at $576,000 after purchasing an additional 6,339 shares during the period. Headlands Technologies LLC increased its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 8,942.9% during the 2nd quarter. Headlands Technologies LLC now owns 2,532 shares of the exchange traded fund’s stock worth $201,000 after purchasing an additional 2,504 shares in the last quarter. Client First Investment Management LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth approximately $3,729,000. Finally, IMC Chicago LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth approximately $3,403,000.

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.