Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Shares Gap Down – What’s Next?

Shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) gapped down before the market opened on Tuesday . The stock had previously closed at $21.50, but opened at $20.87. Direxion Daily Junior Gold Miners Index Bear 2X Shares shares last traded at $21.03, with a volume of 216,800 shares changing hands.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Stock Performance

The stock has a 50-day simple moving average of $26.02 and a 200-day simple moving average of $27.25.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC lifted its stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares by 105.2% during the fourth quarter. Jump Financial LLC now owns 55,109 shares of the company’s stock worth $1,701,000 after purchasing an additional 28,256 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the third quarter worth about $2,640,000. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the third quarter worth about $4,660,000.

About Direxion Daily Junior Gold Miners Index Bear 2X Shares

The Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is an exchange-traded fund that is based on the MVIS Global Junior Gold Miners index. The fund provides daily -2x exposure to an index of junior gold and silver mining companies from developed as well as emerging markets. JDST was launched on Oct 3, 2013 and is managed by Direxion.