Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Share Price Pass Below 200 Day Moving Average – Here’s Why

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $52.89 and traded as low as $47.91. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $48.93, with a volume of 1,405,574 shares trading hands.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The stock has a 50-day moving average price of $59.84 and a 200-day moving average price of $52.75.

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

Hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC lifted its holdings in 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 purchasing an additional 544 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 150.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 8,378 shares of the exchange traded fund’s stock valued at $62,000 after buying an additional 5,032 shares in the last quarter. Bank of America Corp DE acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter valued at $126,000. Walleye Capital LLC bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth $235,000. Finally, Qube Research & Technologies Ltd increased its position in Direxion Daily Gold Miners Index Bear 2x Shares by 82,725.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 45,554 shares of the exchange traded fund’s stock worth $498,000 after buying an additional 45,499 shares during the period.

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.