Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Shares Cross Above 50 Day Moving Average – What’s Next?

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDSTGet Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $39.26 and traded as high as $43.91. Direxion Daily Junior Gold Miners Index Bear 2X Shares shares last traded at $42.67, with a volume of 489,648 shares.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Stock Up 3.7%

The firm’s 50 day simple moving average is $39.26 and its two-hundred day simple moving average is $35.61.

Institutional Trading of Direxion Daily Junior Gold Miners Index Bear 2X Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 2nd quarter worth approximately $193,000. StoneX Group Inc. acquired a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the second quarter valued at approximately $173,000. Jump Financial LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the second quarter valued at approximately $2,321,000. BNP Paribas Financial Markets increased its holdings in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares by 93.3% during the second quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock valued at $980,000 after acquiring an additional 48,270 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the second quarter worth approximately $618,000.

About Direxion Daily Junior Gold Miners Index Bear 2X Shares

(Get Free Report)

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.

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