Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Down 5.1% – Here’s Why

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) shares dropped 5.1% during trading on Wednesday . The stock traded as low as $48.37 and last traded at $46.53. Approximately 32,352 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 731,333 shares. The stock had previously closed at $49.04.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Down 1.2 %

The business’s 50-day simple moving average is $59.83 and its 200-day simple moving average is $321.34.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC boosted its stake in Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% in the third quarter. Virtu Financial LLC now owns 560,878 shares of the exchange traded fund’s stock valued at $2,995,000 after acquiring an additional 348,346 shares during the period. Squarepoint Ops LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter worth $226,000. Finally, Spire Wealth Management acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter worth $254,000.

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.