Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $52.89 and traded as low as $47.91. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $48.93, with a volume of 1,405,574 shares traded.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Down 14.8%

The stock has a 50 day moving average price of $60.05 and a two-hundred day moving average price of $52.89.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at approximately $5,952,000. Virtu Financial LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter worth approximately $4,567,000. Jump Financial LLC purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter valued at approximately $4,483,000. Raffles Associates LP purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter valued at approximately $1,488,000. Finally, Hamilton Wealth LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter worth $461,000.

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.