Direxion Daily Junior Gold Miners Index Bear 2X ETF (NYSEARCA:JDST) Shares Up 2.9% – Here’s Why

Direxion Daily Junior Gold Miners Index Bear 2X ETF (NYSEARCA:JDST)’s share price traded up 2.9% during trading on Monday . The company traded as high as $22.74 and last traded at $22.48. 489,379 shares were traded during trading, a decline of 55% from the average session volume of 1,093,148 shares. The stock had previously closed at $21.85.

Direxion Daily Junior Gold Miners Index Bear 2X ETF Stock Performance

The stock’s 50 day simple moving average is $28.92 and its 200-day simple moving average is $33.22.

Institutional Investors Weigh In On Direxion Daily Junior Gold Miners Index Bear 2X ETF

A hedge fund recently raised its stake in Direxion Daily Junior Gold Miners Index Bear 2X ETF stock. Virtu Financial LLC raised its holdings in Direxion Daily Junior Gold Miners Index Bear 2X ETF (NYSEARCA:JDST) by 112.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 466,836 shares of the company’s stock after buying an additional 246,859 shares during the period. Virtu Financial LLC owned approximately 1.61% of Direxion Daily Junior Gold Miners Index Bear 2X ETF worth $1,228,000 as of its most recent SEC filing.

Direxion Daily Junior Gold Miners Index Bear 2X ETF Company Profile

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.