Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Stock Price Down 4.6% – Should You Sell?

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) traded down 4.6% during trading on Tuesday . The stock traded as low as $60.05 and last traded at $60.09. 258,710 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 641,958 shares. The stock had previously closed at $63.00.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The stock’s 50 day moving average is $61.54 and its two-hundred day moving average is $393.50.

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

An institutional investor recently raised its position in Direxion Daily Gold Miners Index Bear 2x Shares stock. Virtu Financial LLC increased its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) by 163.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 560,878 shares of the exchange traded fund’s stock after purchasing an additional 348,346 shares during the period. Virtu Financial LLC owned 2.59% of Direxion Daily Gold Miners Index Bear 2x Shares worth $2,995,000 as of its most recent SEC filing.

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.