Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Shares Up 7.2% – What’s Next?

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST)’s share price shot up 7.2% during mid-day trading on Monday . The stock traded as high as $43.95 and last traded at $43.38. Approximately 366,078 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 1,243,980 shares. The stock had previously closed at $40.48.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Stock Up 7.2%

The stock’s 50 day moving average price is $36.83 and its 200 day moving average price is $36.24.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JDST. StoneX Group Inc. lifted its stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares by 45.6% during the fourth quarter. StoneX Group Inc. now owns 36,517 shares of the company’s stock worth $96,000 after purchasing an additional 11,442 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the second quarter valued at about $193,000. XTX Topco Ltd purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 4th quarter valued at about $222,000. Simplex Trading LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 4th quarter valued at about $369,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 3rd quarter valued at about $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.