Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Share Price Pass Below 200-Day Moving Average – Should You Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $52.00 and traded as low as $30.38. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $30.61, with a volume of 3,248,221 shares changing hands.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The firm’s 50-day moving average price is $55.90 and its 200 day moving average price is $52.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DUST. Group One Trading LLC boosted its position in Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% during the second quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 544 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 150.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 8,378 shares of the exchange traded fund’s stock valued at $62,000 after acquiring an additional 5,032 shares during the last quarter. Bank of America Corp DE acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter valued at $126,000. Walleye Capital LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth $235,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 82,725.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 45,554 shares of the exchange traded fund’s stock worth $498,000 after purchasing an additional 45,499 shares during the period.

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.