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

Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $42.01 and traded as high as $42.68. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $40.61, with a volume of 1,290,525 shares changing hands.

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

The company has a market cap of $318.38 million, a price-to-earnings ratio of 22.18 and a beta of 1.90. The firm’s 50-day moving average price is $42.01 and its 200 day moving average price is $44.06.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JNUG. HighTower Advisors LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the 3rd quarter worth approximately $211,000. PFG Investments LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the second quarter worth $224,000. International Assets Investment Management LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the third quarter worth $911,000. Finally, Virtu Financial LLC bought a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the second quarter valued at $1,354,000.

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.