Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Gap Down – Time to Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) shares gapped down before the market opened on Thursday . The stock had previously closed at $54.90, but opened at $52.63. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $51.20, with a volume of 222,455 shares.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Down 8.4 %

The business has a 50-day simple moving average of $60.93 and a 200-day simple moving average of $342.53.

Institutional Trading of Direxion Daily Gold Miners Index Bear 2x Shares

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Spire Wealth Management acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter valued at $254,000. Virtu Financial LLC increased its stake in Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% in the third quarter. Virtu Financial LLC now owns 560,878 shares of the exchange traded fund’s stock valued at $2,995,000 after acquiring an additional 348,346 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter worth about $226,000.

About Direxion Daily Gold Miners Index Bear 2x Shares

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.