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

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 Trading Down 14.8%

The business has a fifty day moving average of $39.30 and a 200-day moving average of $35.30.

Institutional Trading of Direxion Daily Junior Gold Miners Index Bear 2X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in JDST. Raffles Associates LP acquired a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the fourth quarter worth approximately $1,118,000. Group One Trading LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 4th quarter worth $1,080,000. Jump Financial LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 4th quarter worth $892,000. HRT Financial LP acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 4th quarter worth $723,000. Finally, Virtu Financial LLC grew 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 acquiring an additional 246,859 shares during the last quarter.

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.