Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Shares Gap Down – Here’s Why

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $21.50, but opened at $20.87. Direxion Daily Junior Gold Miners Index Bear 2X Shares shares last traded at $21.03, with a volume of 216,800 shares.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Stock Down 5.4 %

The stock’s fifty day moving average price is $25.97 and its 200-day moving average price is $27.21.

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

A number of institutional investors and hedge funds have recently modified their holdings of JDST. Jump Financial LLC raised its holdings in Direxion Daily Junior Gold Miners Index Bear 2X Shares by 105.2% in the 4th quarter. Jump Financial LLC now owns 55,109 shares of the company’s stock valued at $1,701,000 after acquiring an additional 28,256 shares during the period. BNP Paribas Financial Markets bought a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 3rd quarter valued at about $2,640,000. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 3rd quarter worth approximately $4,660,000.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Company Profile

The Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is an exchange-traded fund that is based on the MVIS Global Junior Gold Miners index. The fund provides daily -2x exposure to an index of junior gold and silver mining companies from developed as well as emerging markets. JDST was launched on Oct 3, 2013 and is managed by Direxion.