Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Stock Price Cross Above 50 Day Moving Average – Time to Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $49.67 and traded as high as $53.07. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $52.12, with a volume of 457,653 shares trading hands.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Up 17.3%

The firm’s fifty day simple moving average is $49.71 and its two-hundred day simple moving average is $58.40.

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

Several institutional investors and hedge funds have recently bought and sold shares of DUST. Walleye Capital LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter valued at about $235,000. Bank of America Corp DE acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter valued at about $126,000. Group One Trading LLC boosted its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% in the 2nd quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 544 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 135.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,346 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 1,923 shares during the last quarter. Finally, Integrated Advisors Network LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the 3rd quarter valued at approximately $273,000.

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.