Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Gap Down – Here’s Why

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) gapped down prior to trading on Thursday . The stock had previously closed at $54.90, but opened at $52.63. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $51.20, with a volume of 222,455 shares trading hands.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Down 8.4 %

The stock has a 50-day simple moving average of $60.93 and a 200 day simple moving average of $342.53.

Institutional Trading of Direxion Daily Gold Miners Index Bear 2x Shares

A number of institutional investors and hedge funds have recently bought and sold shares of DUST. Virtu Financial LLC increased its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% in the 3rd quarter. Virtu Financial LLC now owns 560,878 shares of the exchange traded fund’s stock valued at $2,995,000 after acquiring an additional 348,346 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter worth about $226,000. Finally, Spire Wealth Management bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter valued at about $254,000.

Direxion Daily Gold Miners Index Bear 2x Shares Company Profile

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.