Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Gap Up – What’s Next?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) shares gapped up before the market opened on Thursday . The stock had previously closed at $41.40, but opened at $42.85. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $44.61, with a volume of 622,160 shares.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The business has a 50-day moving average of $5.31 and a 200-day moving average of $9.37.

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

Hedge funds have recently modified their holdings of the business. Simplex Trading LLC purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter valued at $692,000. SBI Securities Co. Ltd. grew its position in Direxion Daily Gold Miners Index Bear 2x Shares by 71.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,423 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 593 shares during the last quarter. Walleye Capital LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at $235,000. Jump Financial LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at $8,762,000. Finally, Bank of America Corp DE purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at about $126,000.

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.