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

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $49.74 and traded as low as $31.59. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $32.78, with a volume of 1,320,306 shares trading hands.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Up 1.6%

The stock’s 50-day simple moving average is $49.74 and its two-hundred day simple moving average is $50.54.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter valued at about $5,952,000. Virtu Financial LLC purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter worth approximately $4,567,000. Jump Financial LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at approximately $4,483,000. Raffles Associates LP acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at approximately $1,488,000. Finally, Hamilton Wealth LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at approximately $461,000.

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.