Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Short Interest Down 24.0% in March

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 177,400 shares, a drop of 24.0% from the March 15th total of 233,388 shares. Based on an average daily volume of 489,037 shares, the short-interest ratio is currently 0.4 days. Currently, 17.7% of the company’s shares are short sold.

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

Several institutional investors have recently added to or reduced their stakes in JDST. Walleye Capital LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 2nd quarter valued at approximately $193,000. StoneX Group Inc. acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the second quarter worth $173,000. Jump Financial LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the second quarter worth $2,321,000. BNP Paribas Financial Markets grew its stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares by 93.3% in the second quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock worth $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 in the second quarter worth $618,000.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Stock Down 5.5%

Direxion Daily Junior Gold Miners Index Bear 2X Shares stock traded down $1.60 during trading on Friday, hitting $27.74. The company had a trading volume of 848,486 shares, compared to its average volume of 1,774,254. Direxion Daily Junior Gold Miners Index Bear 2X Shares has a 1-year low of $22.80 and a 1-year high of $284.20. The company’s 50 day simple moving average is $32.71 and its 200-day simple moving average is $53.23.

About Direxion Daily Junior Gold Miners Index Bear 2X Shares

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.