Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Trading Down 5.1% – What’s Next?

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) traded down 5.1% during trading on Wednesday . The company traded as low as $48.37 and last traded at $46.53. 32,352 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 731,333 shares. The stock had previously closed at $49.04.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Down 1.2 %

The company has a fifty day simple moving average of $59.83 and a two-hundred day simple moving average of $321.34.

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

Several institutional investors and hedge funds have recently made changes to their positions in DUST. Spire Wealth Management acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter worth $254,000. Squarepoint Ops LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter valued at $226,000. Finally, Virtu Financial LLC lifted its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% during the third quarter. Virtu Financial LLC now owns 560,878 shares of the exchange traded fund’s stock worth $2,995,000 after acquiring an additional 348,346 shares in the last quarter.

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.