Short Interest in Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Decreases By 49.4%

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 367,098 shares, a decline of 49.4% from the April 15th total of 725,949 shares. Approximately 18.7% of the shares of the stock are short sold. Based on an average daily volume of 747,001 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Group One Trading LLC raised its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% during the 2nd quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 544 shares during the period. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 135.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,346 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 1,923 shares during the period. Bank of America Corp DE purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter valued at approximately $126,000. Walleye Capital LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter valued at approximately $235,000. Finally, Romano Brothers AND Company purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter valued at approximately $112,000.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

Shares of DUST stock traded up $6.36 during trading hours on Friday, reaching $52.05. The company had a trading volume of 1,347,542 shares, compared to its average volume of 4,340,786. The stock has a fifty day moving average of $49.81 and a 200-day moving average of $64.54. Direxion Daily Gold Miners Index Bear 2x Shares has a 12-month low of $34.60 and a 12-month high of $336.60.

Direxion Daily Gold Miners Index Bear 2x Shares Company Profile

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.