Short Interest in Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Grows By 72.2%

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 4,441,132 shares, a growth of 72.2% from the January 15th total of 2,578,744 shares. Currently, 13.7% of the shares of the company are short sold. Based on an average daily volume of 120,405,568 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 120,405,568 shares, the short-interest ratio is presently 0.0 days. Currently, 13.7% of the shares of the company are short sold.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Down 11.4%

Shares of DUST traded down $0.57 during mid-day trading on Friday, hitting $4.44. 70,629,562 shares of the company’s stock were exchanged, compared to its average volume of 81,770,625. Direxion Daily Gold Miners Index Bear 2x Shares has a 52 week low of $4.16 and a 52 week high of $52.14. The stock’s 50-day simple moving average is $6.26 and its 200-day simple moving average is $10.99.

Shares of Direxion Daily Gold Miners Index Bear 2x Shares are set to reverse split on Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, March 4th.

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

A number of large investors have recently bought and sold shares of the company. Group One Trading LLC increased its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% in the 2nd quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 544 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 71.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,423 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 593 shares in the last quarter. Bank of America Corp DE bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at approximately $126,000. Walleye Capital LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at approximately $235,000. Finally, Romano Brothers AND Company acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at approximately $112,000.

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.