Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Stock Price Down 4.6% – Here’s Why

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s stock price were down 4.6% during trading on Tuesday . The stock traded as low as $60.05 and last traded at $60.09. Approximately 258,710 shares changed hands during trading, a decline of 60% from the average daily volume of 641,958 shares. The stock had previously closed at $63.00.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The stock’s 50-day moving average price is $61.54 and its 200 day moving average price is $393.50.

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

A hedge fund recently bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares stock. Squarepoint Ops LLC purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 at the end of the most recent reporting period.

About Direxion Daily Gold Miners Index Bear 2x Shares

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.