Investors Purchase High Volume of Call Options on Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) saw some unusual options trading activity on Tuesday. Stock traders purchased 3,132 call options on the company. This represents an increase of 433% compared to the typical daily volume of 588 call options.

Institutional Trading of Direxion Daily Gold Miners Index Bear 2x Shares

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Group One Trading LLC raised 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 acquiring an additional 544 shares during the last quarter. SBI Securities Co. Ltd. grew its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 150.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 8,378 shares of the exchange traded fund’s stock valued at $62,000 after purchasing an additional 5,032 shares during the period. Bank of America Corp DE acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at $126,000. Walleye Capital LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at $235,000. Finally, XTX Topco Ltd purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth about $340,000.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

Shares of NYSEARCA DUST traded up $1.53 during midday trading on Tuesday, reaching $34.66. 1,338,152 shares of the stock were exchanged, compared to its average volume of 2,861,126. Direxion Daily Gold Miners Index Bear 2x Shares has a 52-week low of $29.01 and a 52-week high of $163.60. The stock has a 50 day moving average price of $53.32 and a 200-day moving average price of $51.09.

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.