Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Stock Price Up 8.6% – Should You Buy?

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) shares were up 8.6% on Thursday . The company traded as high as $29.82 and last traded at $29.55. Approximately 524,351 shares traded hands during trading, a decline of 80% from the average daily volume of 2,583,520 shares. The stock had previously closed at $27.20.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Stock Up 11.6%

The stock has a 50 day simple moving average of $1.85 and a 200-day simple moving average of $3.61.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Walleye Capital LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 2nd quarter valued at approximately $193,000. StoneX Group Inc. bought a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the second quarter worth $173,000. Jump Financial LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the second quarter valued at $2,321,000. BNP Paribas Financial Markets increased its holdings in Direxion Daily Junior Gold Miners Index Bear 2X Shares by 93.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock valued at $980,000 after acquiring an additional 48,270 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 2nd quarter worth $618,000.

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.