Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Stock Cross Above Fifty Day Moving Average – What’s Next?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $50.41 and traded as high as $61.99. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $58.57, with a volume of 900,270 shares.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The stock has a 50 day simple moving average of $50.41 and a 200 day simple moving average of $56.95.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Group One Trading LLC grew its position in Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% in the second quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 544 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 135.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,346 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 1,923 shares in the last quarter. Bank of America Corp DE purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth $126,000. Walleye Capital LLC purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth $235,000. Finally, Romano Brothers AND Company acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter worth $112,000.

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.