Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Reaches New 1-Year Low – Time to Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) shares hit a new 52-week low during trading on Thursday . The company traded as low as $43.07 and last traded at $43.25, with a volume of 741425 shares traded. The stock had previously closed at $45.26.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The company’s fifty day moving average is $57.52 and its two-hundred day moving average is $281.72.

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

A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC increased its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% during the third quarter. Virtu Financial LLC now owns 560,878 shares of the exchange traded fund’s stock worth $2,995,000 after purchasing an additional 348,346 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter worth about $3,438,000. Spire Wealth Management purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter valued at about $254,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 131.9% during the 4th quarter. JPMorgan Chase & Co. now owns 443 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 252 shares during the last quarter.

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.