Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $57.75 and traded as high as $71.46. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $71.14, with a volume of 520,908 shares changing hands.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The business has a 50-day simple moving average of $57.75 and a two-hundred day simple moving average of $53.30.

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

Several hedge funds have recently made changes to their positions in the company. Group One Trading LLC boosted its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% in the second quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 544 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 150.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 8,378 shares of the exchange traded fund’s stock valued at $62,000 after purchasing an additional 5,032 shares in the last quarter. Bank of America Corp DE purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter valued at approximately $126,000. Walleye Capital LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth approximately $235,000. Finally, Romano Brothers AND Company purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter worth approximately $112,000.

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.