Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Stock Price Cross Below Two Hundred Day Moving Average – Should You Sell?

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.22 and traded as low as $10.00. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $10.22, with a volume of 15,572,509 shares.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The business has a fifty day moving average of $11.30 and a two-hundred day moving average of $19.22.

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

A number of hedge funds have recently modified their holdings of DUST. Jump Financial LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth about $8,762,000. Lane Generational LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the third quarter worth approximately $3,849,000. Qube Research & Technologies Ltd lifted its position in Direxion Daily Gold Miners Index Bear 2x Shares by 82,725.5% during the third quarter. Qube Research & Technologies Ltd now owns 45,554 shares of the exchange traded fund’s stock worth $498,000 after acquiring an additional 45,499 shares during the last quarter. Belvedere Trading LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter worth approximately $703,000. Finally, Simplex Trading LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at approximately $692,000.

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.