Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Stock Price Cross Above Fifty Day Moving Average – Here’s What Happened

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $50.93 and traded as high as $53.94. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $53.71, with a volume of 455,428 shares trading hands.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The firm’s 50-day simple moving average is $50.74 and its 200 day simple moving average is $59.98.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DUST. BNP Paribas Financial Markets acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at approximately $5,952,000. Virtu Financial LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at approximately $4,567,000. Jump Financial LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at approximately $4,483,000. Lane Generational LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the third quarter valued at approximately $3,849,000. Finally, Raffles Associates LP acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at approximately $1,488,000.

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.