Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Sees Unusually-High Trading Volume – Here’s Why

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) saw an uptick in trading volume on Tuesday . 217,265 shares traded hands during mid-day trading, a decline of 27% from the previous session’s volume of 298,935 shares.The stock last traded at $61.48 and had previously closed at $66.12.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Down 4.8 %

The business’s 50 day moving average price is $70.24 and its two-hundred day moving average price is $410.81.

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

An institutional investor recently raised its position in Direxion Daily Gold Miners Index Bear 2x Shares stock. Virtu Financial LLC lifted its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) by 75.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,532 shares of the exchange traded fund’s stock after acquiring an additional 91,116 shares during the quarter. Virtu Financial LLC owned approximately 0.98% of Direxion Daily Gold Miners Index Bear 2x Shares worth $1,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.