Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Price Cross Above Fifty Day Moving Average – Here’s What Happened

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $53.56 and traded as high as $63.25. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $61.99, with a volume of 833,969 shares.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Up 9.3 %

The company has a market cap of $309.33 million, a PE ratio of 23.34 and a beta of 2.13. The firm’s fifty day moving average is $53.56 and its 200 day moving average is $47.93.

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

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a $0.82 dividend. The ex-dividend date was Tuesday, March 25th. This is a positive change from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous dividend of $0.15.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in JNUG. HighTower Advisors LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth $211,000. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth $197,000. IMC Chicago LLC boosted its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 32.3% during the 4th quarter. IMC Chicago LLC now owns 16,447 shares of the exchange traded fund’s stock worth $600,000 after purchasing an additional 4,019 shares during the last quarter. Ballew Advisors Inc acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 4th quarter worth $890,000. Finally, Visionary Wealth Advisors boosted its stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares by 36.0% during the 4th quarter. Visionary Wealth Advisors now owns 10,765 shares of the exchange traded fund’s stock worth $393,000 after purchasing an additional 2,851 shares during 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.