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

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $46.26, but opened at $44.93. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $45.59, with a volume of 172,822 shares.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Down 3.1 %

The business’s 50 day simple moving average is $57.25 and its 200 day simple moving average is $280.07.

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

Several institutional investors have recently made changes to their positions in the company. Virtu Financial LLC lifted its holdings in 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 valued at $2,995,000 after buying an additional 348,346 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter valued at about $3,438,000. Spire Wealth Management bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter valued at about $254,000. Finally, JPMorgan Chase & Co. lifted its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 131.9% during 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 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.