Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Stock Price Pass Above 50 Day Moving Average – Here’s Why

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDSTGet Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $39.26 and traded as high as $43.91. Direxion Daily Junior Gold Miners Index Bear 2X Shares shares last traded at $42.67, with a volume of 489,648 shares.

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

The company has a fifty day moving average price of $39.32 and a two-hundred day moving average price of $35.57.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC boosted its holdings in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares by 112.2% in the fourth quarter. Virtu Financial LLC now owns 466,836 shares of the company’s stock valued at $1,228,000 after acquiring an additional 246,859 shares during the period. Raffles Associates LP acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 4th quarter valued at $1,118,000. Group One Trading LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 4th quarter valued at $1,080,000. Jump Financial LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 4th quarter valued at $892,000. Finally, HRT Financial LP purchased a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 4th quarter valued at $723,000.

About Direxion Daily Junior Gold Miners Index Bear 2X Shares

(Get Free Report)

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.

Further Reading

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