Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $39.30 and traded as low as $26.28. Direxion Daily Junior Gold Miners Index Bear 2X Shares shares last traded at $26.58, with a volume of 840,370 shares trading hands.

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

The business’s 50 day simple moving average is $39.30 and its two-hundred day simple moving average is $35.30.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC increased its holdings in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares by 112.2% in the 4th 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 in the last quarter. Raffles Associates LP bought a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the fourth quarter valued at $1,118,000. Group One Trading LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the fourth quarter valued at $1,080,000. Jump Financial LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the fourth quarter valued at $892,000. Finally, HRT Financial LP bought a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 4th quarter worth about $723,000.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Company Profile

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.