Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Short Interest Update

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 248,231 shares, a growth of 68.0% from the July 30th total of 147,788 shares. Approximately 33.1% of the company’s stock are short sold. Based on an average daily volume of 594,757 shares, the days-to-cover ratio is currently 0.4 days.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Stock Performance

Shares of JDST stock traded up $0.29 during mid-day trading on Monday, hitting $21.32. 899,415 shares of the stock traded hands, compared to its average volume of 1,117,863. Direxion Daily Junior Gold Miners Index Bear 2X Shares has a 52-week low of $18.94 and a 52-week high of $147.60. The stock’s fifty day moving average is $34.90 and its two-hundred day moving average is $34.00.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC grew its holdings in Direxion Daily Junior Gold Miners Index Bear 2X Shares by 112.2% in the fourth quarter. Virtu Financial LLC now owns 466,836 shares of the company’s stock worth $1,228,000 after purchasing an additional 246,859 shares during the last quarter. Raffles Associates LP purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 4th quarter valued at $1,118,000. HRT Financial LP purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 4th quarter valued at $723,000. Group One Trading LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 4th quarter worth $1,080,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 3rd quarter worth $499,000.

About Direxion Daily Junior Gold Miners Index Bear 2X Shares

The Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is an exchange-traded fund that is based on the MVIS Global Junior Gold Miners index. The fund provides daily -2x exposure to an index of junior gold and silver mining companies from developed as well as emerging markets. JDST was launched on Oct 3, 2013 and is managed by Direxion.