Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Up 5.5% – What’s Next?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s stock price traded up 5.5% during trading on Friday . The company traded as high as $46.49 and last traded at $46.27. 515,251 shares were traded during mid-day trading, a decline of 41% from the average session volume of 871,414 shares. The stock had previously closed at $43.84.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Up 6.7 %

The firm’s 50 day moving average price is $56.97 and its two-hundred day moving average price is $275.56.

Institutional Trading of Direxion Daily Gold Miners Index Bear 2x Shares

A number of hedge funds have recently added to or reduced their stakes in DUST. Virtu Financial LLC increased its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% in the third quarter. Virtu Financial LLC now owns 560,878 shares of the exchange traded fund’s stock valued at $2,995,000 after purchasing an additional 348,346 shares during the period. Spire Wealth Management purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter valued at $254,000. JPMorgan Chase & Co. increased its stake in Direxion Daily Gold Miners Index Bear 2x Shares by 131.9% in the 4th quarter. JPMorgan Chase & Co. now owns 443 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 252 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter worth $3,438,000.

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.