Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Stock Price Down 5.7% – Here’s What Happened

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s share price fell 5.7% during mid-day trading on Tuesday . The company traded as low as $54.58 and last traded at $54.89. 526,216 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 684,697 shares. The stock had previously closed at $58.20.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The business has a 50-day simple moving average of $61.85 and a two-hundred day simple moving average of $369.44.

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

An institutional investor recently bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares stock. Squarepoint Ops LLC purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 29,657 shares of the exchange traded fund’s stock, valued at approximately $226,000. Squarepoint Ops LLC owned about 0.14% of Direxion Daily Gold Miners Index Bear 2x Shares at the end of the most recent reporting period.

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.