Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Share Price Pass Below 200 Day Moving Average – What’s Next?

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUSTGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $64.63 and traded as low as $43.95. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $45.69, with a volume of 785,167 shares.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Up 13.9%

The business’s 50-day simple moving average is $49.81 and its 200-day simple moving average is $64.54.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Romano Brothers AND Company acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth about $112,000. Lane Generational LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the third quarter worth about $3,849,000. IMC Chicago LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth about $397,000. Jump Financial LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth about $4,483,000. Finally, SBI Securities Co. Ltd. raised its position in Direxion Daily Gold Miners Index Bear 2x Shares by 135.1% during the third quarter. SBI Securities Co. Ltd. now owns 3,346 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 1,923 shares during the last quarter.

Direxion Daily Gold Miners Index Bear 2x Shares Company Profile

(Get Free Report)

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.

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