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

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) gapped down before the market opened on Thursday . The stock had previously closed at $54.90, but opened at $52.63. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $51.20, with a volume of 222,455 shares traded.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Up 2.5 %

The stock has a fifty day moving average of $60.81 and a 200-day moving average of $340.51.

Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at about $226,000. Spire Wealth Management acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter worth approximately $254,000. Finally, Virtu Financial LLC raised its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% during 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 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.