Direxion Daily Junior Gold Miners Index Bull 2X Shares (NYSEARCA:JNUG) Share Price Pass 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 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 Stock Down 1.1 %

The company’s fifty day moving average is $49.60 and its two-hundred day moving average is $46.74. The stock has a market cap of $339.19 million, a price-to-earnings ratio of 22.23 and a beta of 2.93.

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

Institutional investors have recently modified their holdings of the company. Visionary Wealth Advisors increased its holdings in 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 valued at $393,000 after buying an additional 2,851 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bull 2X Shares in the 4th quarter valued at about $197,000. IMC Chicago LLC raised its position in shares of 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 acquiring an additional 4,019 shares in the last quarter. Ballew Advisors Inc purchased a new stake in Direxion Daily Junior Gold Miners Index Bull 2X Shares during the fourth quarter worth approximately $890,000. Finally, HighTower Advisors LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bull 2X Shares in the third quarter valued at approximately $211,000.

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.