Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Shares Gap Up – Here’s What Happened

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) gapped up prior to trading on Friday . The stock had previously closed at $29.58, but opened at $30.98. Direxion Daily Junior Gold Miners Index Bear 2X Shares shares last traded at $30.7710, with a volume of 157,584 shares changing hands.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Stock Up 0.3%

The stock has a 50 day simple moving average of $36.71 and a two-hundred day simple moving average of $71.98.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JDST. Traynor Capital Management Inc. purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the third quarter valued at about $43,000. StoneX Group Inc. raised its stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares by 45.6% during the 4th quarter. StoneX Group Inc. now owns 36,517 shares of the company’s stock valued at $96,000 after acquiring an additional 11,442 shares during the last quarter. Walleye Capital LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 2nd quarter worth approximately $193,000. XTX Topco Ltd purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 4th quarter valued at approximately $222,000. Finally, Simplex Trading LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the fourth quarter valued at approximately $369,000.

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.