Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Stock Price Pass Below 200 Day Moving Average – Here’s What Happened

by · The Markets Daily

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST – Get Free Report)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $51.09 and traded as low as $32.44. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $33.13, with a volume of 1,453,343 shares trading hands.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The company has a 50 day simple moving average of $52.83 and a 200 day simple moving average of $51.04.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in DUST. Group One Trading LLC increased its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% during the second quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 544 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 150.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 8,378 shares of the exchange traded fund’s stock worth $62,000 after purchasing an additional 5,032 shares in the last quarter. Bank of America Corp DE bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at about $126,000. Walleye Capital LLC bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at about $235,000. Finally, XTX Topco Ltd acquired a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at about $340,000.

Direxion Daily Gold Miners Index Bear 2x Shares Company Profile

(Get Free Report)

The Direxion Daily Gold Miners Index Bear 2X Shares (DUST) is an exchange-traded fund that is based on the NYSE Arca Gold Miners (NTR) index. The fund provides 2x inverse exposure to a market-cap-weighted index of global gold and silver mining firms. DUST was launched on Dec 8, 2010 and is managed by Direxion.

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