Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Short Interest Down 49.4% in April

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 367,098 shares, a decline of 49.4% from the April 15th total of 725,949 shares. Based on an average trading volume of 747,001 shares, the short-interest ratio is presently 0.5 days. Approximately 18.7% of the shares of the company are short sold.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Up 13.9%

Direxion Daily Gold Miners Index Bear 2x Shares stock traded up $6.36 during midday trading on Friday, reaching $52.05. The stock had a trading volume of 1,347,542 shares, compared to its average volume of 4,340,786. Direxion Daily Gold Miners Index Bear 2x Shares has a 12 month low of $34.60 and a 12 month high of $336.60. The firm’s 50-day moving average price is $49.81 and its 200 day moving average price is $64.13.

Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter valued at about $4,567,000. Hamilton Wealth LLC purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter valued at about $461,000. XTX Topco Ltd purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter valued at about $340,000. Jump Financial LLC purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter valued at about $4,483,000. Finally, Raffles Associates LP purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter valued at about $1,488,000.

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.