Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Share Price Pass Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $219.25 and traded as low as $122.11. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $126.15, with a volume of 380,530 shares traded.

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

The company has a market cap of $320.42 million, a P/E ratio of 27.33 and a beta of 1.53. The company has a 50 day moving average of $174.22 and a 200-day moving average of $219.25.

Institutional Trading of Direxion Daily Junior Gold Miners Index Bull 2X Shares

Institutional investors and hedge funds have recently modified their holdings of the business. ORG Partners LLC increased its holdings in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 26.8% in the 4th quarter. ORG Partners LLC now owns 478 shares of the exchange traded fund’s stock worth $99,000 after buying an additional 101 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth $28,000. Caitlin John LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth $33,000. Rachor Investment Advisory Services LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth $137,000. Finally, SBI Securities Co. Ltd. grew its position in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 122.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,271 shares of the exchange traded fund’s stock worth $263,000 after acquiring an additional 699 shares in the last quarter.

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.