Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Down 5.7% – Here’s Why

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) shares fell 5.7% on Tuesday . The company traded as low as $54.58 and last traded at $54.89. 526,216 shares were traded during trading, a decline of 23% from the average session volume of 684,697 shares. The stock had previously closed at $58.20.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Down 4.6 %

The company’s fifty day moving average is $61.85 and its two-hundred day moving average is $369.44.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

An institutional investor recently bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares stock. Squarepoint Ops LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,657 shares of the exchange traded fund’s stock, valued at approximately $226,000. Squarepoint Ops LLC owned approximately 0.14% of Direxion Daily Gold Miners Index Bear 2x Shares as of its most recent SEC filing.

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.