Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Stock Price Cross Above 50 Day Moving Average – Should You Sell?

Shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $43.18 and traded as high as $51.07. Direxion Daily Junior Gold Miners Index Bull 2X Shares shares last traded at $50.76, with a volume of 596,502 shares.

Direxion Daily Junior Gold Miners Index Bull 2X Shares Trading Down 0.6 %

The stock has a market capitalization of $397.96 million, a PE ratio of 22.18 and a beta of 1.90. The business has a fifty day moving average price of $43.18 and a 200-day moving average price of $44.92.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in JNUG. HighTower Advisors LLC purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter worth about $211,000. International Assets Investment Management LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 3rd quarter worth approximately $911,000. IMC Chicago LLC boosted 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 valued at $600,000 after purchasing an additional 4,019 shares during the period. Ballew Advisors Inc bought a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the fourth quarter worth approximately $890,000. Finally, Visionary Wealth Advisors increased its stake in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares by 36.0% in 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 period.

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.