Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Short Interest Up 68.0% in August

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 248,231 shares, a growth of 68.0% from the July 30th total of 147,788 shares. Based on an average trading volume of 594,757 shares, the days-to-cover ratio is presently 0.4 days. Approximately 33.1% of the shares of the company are sold short.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Stock Up 9.0%

JDST traded up $1.92 during trading hours on Tuesday, reaching $23.24. The company’s stock had a trading volume of 1,310,139 shares, compared to its average volume of 1,119,020. The company’s 50-day moving average is $34.60 and its 200-day moving average is $33.92. Direxion Daily Junior Gold Miners Index Bear 2X Shares has a 52 week low of $18.94 and a 52 week high of $136.40.

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

Several hedge funds have recently bought and sold shares of JDST. StoneX Group Inc. bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 2nd quarter valued at $173,000. Walleye Capital LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the second quarter worth about $193,000. Two Sigma Securities LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the second quarter worth about $618,000. XTX Topco Ltd bought a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the fourth quarter worth about $222,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares by 93.3% in the second quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock worth $980,000 after acquiring an additional 48,270 shares during the last quarter.

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.