Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Scheduled to Reverse Split on Thursday, March 5th

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) shares are set to reverse split before the market opens on Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, March 4th.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

Shares of DUST stock opened at $3.89 on Wednesday. The firm has a 50 day moving average of $5.72 and a two-hundred day moving average of $9.96. Direxion Daily Gold Miners Index Bear 2x Shares has a 52 week low of $3.82 and a 52 week high of $52.14.

Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

Several large investors have recently bought and sold shares of the stock. Simplex Trading LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter valued at about $692,000. SBI Securities Co. Ltd. raised its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 71.4% in the second quarter. SBI Securities Co. Ltd. now owns 1,423 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 593 shares in the last quarter. Walleye Capital LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at approximately $235,000. Jump Financial LLC purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter worth approximately $8,762,000. Finally, Bank of America Corp DE acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth approximately $126,000.

About Direxion Daily Gold Miners Index Bear 2x Shares

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.