Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Trading 2.9% Higher – What’s Next?

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) shot up 2.9% on Monday . The company traded as high as $2.98 and last traded at $2.88. 49,619,407 shares were traded during mid-day trading, an increase of 287% from the average session volume of 12,808,521 shares. The stock had previously closed at $2.80.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Trading Up 2.9%

The firm has a 50-day moving average of $3.86 and a 200-day moving average of $6.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Eastern Bank purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the second quarter valued at approximately $272,000. ORG Partners LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the second quarter valued at $48,000. Simplex Trading LLC boosted its holdings in Direxion Daily Junior Gold Miners Index Bear 2X Shares by 61.7% in the first quarter. Simplex Trading LLC now owns 7,307 shares of the company’s stock valued at $117,000 after acquiring an additional 2,789 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 3rd quarter worth $499,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 2nd quarter worth about $618,000.

About Direxion Daily Junior Gold Miners Index Bear 2X Shares

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.