Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST – Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $50.41 and traded as high as $61.99. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $58.57, with a volume of 900,270 shares traded.
Direxion Daily Gold Miners Index Bear 2x Shares Trading Down 5.6%
The firm has a fifty day simple moving average of $50.41 and a 200 day simple moving average of $56.95.
Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Group One Trading LLC grew its holdings in 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 valued at $26,000 after purchasing an additional 544 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 150.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 8,378 shares of the exchange traded fund’s stock valued at $62,000 after purchasing an additional 5,032 shares during the last quarter. Bank of America Corp DE acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at approximately $126,000. Walleye Capital LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at approximately $235,000. Finally, Romano Brothers AND Company acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at approximately $112,000.
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.
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