Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Price Pass Above 50 Day Moving Average – What’s Next?

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $47.17 and traded as high as $58.50. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $57.61, with a volume of 817,464 shares trading hands.

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

The business’s 50-day moving average price is $47.17 and its two-hundred day moving average price is $45.92. The company has a market capitalization of $336.44 million, a price-to-earnings ratio of 22.23 and a beta of 2.93.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JNUG. Ballew Advisors Inc bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth $890,000. IMC Chicago LLC grew its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 32.3% during the fourth quarter. IMC Chicago LLC now owns 16,447 shares of the exchange traded fund’s stock worth $600,000 after buying an additional 4,019 shares during the last quarter. Visionary Wealth Advisors grew its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 36.0% during the fourth quarter. Visionary Wealth Advisors now owns 10,765 shares of the exchange traded fund’s stock worth $393,000 after buying an additional 2,851 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth $197,000. Finally, HighTower Advisors LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth $211,000.

About Direxion Daily Junior Gold Miners Index Bull 2X Shares

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.