Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Trading 8.6% Higher – Here’s What Happened

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST)’s share price rose 8.6% on Thursday . The company traded as high as $29.82 and last traded at $29.55. Approximately 524,351 shares were traded during trading, a decline of 80% from the average daily volume of 2,583,520 shares. The stock had previously closed at $27.20.

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

The business has a 50 day moving average of $1.85 and a 200 day moving average of $3.61.

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

Several large investors have recently bought and sold shares of JDST. Raffles Associates LP purchased a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the fourth quarter valued at $1,118,000. Group One Trading LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 4th quarter valued at about $1,080,000. Jump Financial LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 4th quarter valued at about $892,000. HRT Financial LP bought a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 4th quarter valued at about $723,000. Finally, Virtu Financial LLC grew its position in Direxion Daily Junior Gold Miners Index Bear 2X Shares by 112.2% in the fourth quarter. Virtu Financial LLC now owns 466,836 shares of the company’s stock worth $1,228,000 after acquiring an additional 246,859 shares in the last quarter.

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.