Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Gap Down – Here’s Why

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s share price gapped down prior to trading on Friday . The stock had previously closed at $56.03, but opened at $54.68. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $54.33, with a volume of 184,313 shares trading hands.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Down 3.2 %

The stock’s 50 day moving average is $61.50 and its 200 day moving average is $362.97.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily Gold Miners Index Bear 2x Shares stock. Virtu Financial LLC raised its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) by 163.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 560,878 shares of the exchange traded fund’s stock after buying an additional 348,346 shares during the quarter. Virtu Financial LLC owned 2.59% of Direxion Daily Gold Miners Index Bear 2x Shares worth $2,995,000 at the end of the most recent 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.