Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Pass Above 50 Day Moving Average – Should You Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUSTGet Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $49.67 and traded as high as $53.07. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $52.12, with a volume of 457,653 shares trading hands.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The stock has a 50 day moving average price of $49.67 and a 200 day moving average price of $58.39.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Group One Trading LLC lifted its stake in shares of 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 purchasing an additional 544 shares during the period. SBI Securities Co. Ltd. raised its stake in Direxion Daily Gold Miners Index Bear 2x Shares by 135.1% during the third 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 last quarter. Bank of America Corp DE purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at $126,000. Walleye Capital LLC purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at $235,000. Finally, Romano Brothers AND Company purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at $112,000.

About Direxion Daily Gold Miners Index Bear 2x Shares

(Get Free Report)

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.

See Also

Receive News & Ratings for Direxion Daily Gold Miners Index Bear 2x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Gold Miners Index Bear 2x Shares and related companies with MarketBeat.com's FREE daily email newsletter.