Direxion Daily Gold Miners Index Bear 2X ETF (NYSEARCA:DUST) Stock Breaks Above 50-Day Moving Average – What’s Next?

Direxion Daily Gold Miners Index Bear 2X ETF (NYSEARCA:DUST)’s stock price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $40.28 and traded as high as $41.09. Direxion Daily Gold Miners Index Bear 2X ETF shares last traded at $40.89, with a volume of 848,390 shares changing hands.

Direxion Daily Gold Miners Index Bear 2X ETF Trading Down 2.4%

The firm has a fifty day moving average price of $39.84 and a 200-day moving average price of $49.74.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bear 2X ETF

A hedge fund recently bought a new stake in Direxion Daily Gold Miners Index Bear 2X ETF stock. Virtu Financial LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2X ETF (NYSEARCA:DUST) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 613,803 shares of the exchange traded fund’s stock, valued at approximately $4,567,000. Virtu Financial LLC owned about 1.90% of Direxion Daily Gold Miners Index Bear 2X ETF at the end of the most recent reporting period.

Direxion Daily Gold Miners Index Bear 2X ETF 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.