Short Interest in Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Declines By 49.4%

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 367,098 shares, a drop of 49.4% from the April 15th total of 725,949 shares. Currently, 18.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 747,001 shares, the short-interest ratio is presently 0.5 days.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

Direxion Daily Gold Miners Index Bear 2x Shares stock opened at $52.05 on Monday. Direxion Daily Gold Miners Index Bear 2x Shares has a 1 year low of $34.60 and a 1 year high of $336.60. The firm’s 50 day moving average price is $49.81 and its 200-day moving average price is $64.13.

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

Several institutional investors and hedge funds have recently modified their holdings of DUST. Group One Trading LLC grew its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% in the second quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 544 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 135.1% in the third 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 in the last quarter. Bank of America Corp DE purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at $126,000. Walleye Capital LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at $235,000. Finally, Romano Brothers AND Company purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at $112,000.

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.