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)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $46.26, but opened at $44.93. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $45.59, with a volume of 172,822 shares changing hands.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Down 2.3 %

The business’s fifty day moving average is $57.93 and its two-hundred day moving average is $287.68.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of DUST. JPMorgan Chase & Co. boosted its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 131.9% during the fourth quarter. JPMorgan Chase & Co. now owns 443 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 252 shares in the last quarter. Spire Wealth Management bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth $254,000. BNP Paribas Financial Markets bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth $3,438,000. Finally, Virtu Financial LLC boosted its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% during the third quarter. Virtu Financial LLC now owns 560,878 shares of the exchange traded fund’s stock worth $2,995,000 after purchasing an additional 348,346 shares in the last quarter.

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.