Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST – Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 725,949 shares, an increase of 13.7% from the March 31st total of 638,495 shares. Based on an average daily trading volume, of 1,345,438 shares, the short-interest ratio is presently 0.5 days. Approximately 42.5% of the shares of the stock are short sold.
Direxion Daily Gold Miners Index Bear 2x Shares Price Performance
NYSEARCA:DUST opened at $53.01 on Friday. The company’s 50-day moving average price is $48.34 and its 200-day moving average price is $68.30. Direxion Daily Gold Miners Index Bear 2x Shares has a twelve month low of $34.60 and a twelve month high of $338.80.
Institutional Trading of Direxion Daily Gold Miners Index Bear 2x Shares
Several institutional investors have recently added to or reduced their stakes in the stock. Group One Trading LLC increased its stake in Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% during the second quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 544 shares during the period. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 135.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,346 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 1,923 shares during the last quarter. Romano Brothers AND Company acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at $112,000. Bank of America Corp DE purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter valued at about $126,000. Finally, Walleye Capital LLC purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at approximately $235,000.
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.
Further Reading
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