Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Share Price Pass Above Fifty Day Moving Average – Here’s Why

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $50.93 and traded as high as $53.94. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $53.71, with a volume of 455,428 shares traded.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Up 6.5%

The stock has a fifty day moving average price of $50.93 and a two-hundred day moving average price of $60.49.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at about $4,567,000. Hamilton Wealth LLC bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at about $461,000. XTX Topco Ltd bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at about $340,000. Jump Financial LLC bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at about $4,483,000. Finally, Raffles Associates LP bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth 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.