Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Up 5.5% – What’s Next?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s stock price shot up 5.5% on Friday . The stock traded as high as $46.49 and last traded at $46.27. 515,251 shares were traded during mid-day trading, a decline of 41% from the average session volume of 871,414 shares. The stock had previously closed at $43.84.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Up 5.3 %

The firm has a fifty day simple moving average of $57.25 and a two-hundred day simple moving average of $280.07.

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

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 131.9% during the 4th quarter. JPMorgan Chase & Co. now owns 443 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 252 shares in the last quarter. Spire Wealth Management purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter worth approximately $254,000. Virtu Financial LLC increased its stake in Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% in the 3rd 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 during the period. Finally, BNP Paribas Financial Markets purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter worth approximately $3,438,000.

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.