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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $49.60 and traded as high as $59.75. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $58.08, with a volume of 401,114 shares traded.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Down 1.5 %

The firm has a market cap of $341.11 million, a P/E ratio of 22.23 and a beta of 2.93. The company has a fifty day moving average price of $49.96 and a two-hundred day moving average price of $46.90.

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

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.82 per share. This is a positive change from Direxion Daily Junior Gold Miners Index Bull 2X Shares’s previous dividend of $0.15. The ex-dividend date is Tuesday, March 25th.

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

A number of institutional investors have recently bought and sold shares of JNUG. HighTower Advisors LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth about $211,000. Ballew Advisors Inc acquired a new position 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% in the fourth 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. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter valued at $197,000. Finally, Visionary Wealth Advisors raised its position 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.