Direxion Daily Gold Miners Index Bear 2x Shares Stock Set to Reverse Split on Monday, November 4th (NYSEARCA:DUST)

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) are scheduled to reverse split on Monday, November 4th. The 1-10 reverse split was announced on Friday, October 11th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 31st.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Down 4.2 %

Shares of DUST opened at $4.33 on Wednesday. Direxion Daily Gold Miners Index Bear 2x Shares has a 52-week low of $4.31 and a 52-week high of $14.60. The stock has a fifty day simple moving average of $5.52 and a two-hundred day simple moving average of $6.68.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC grew its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 75.0% during the 2nd quarter. Virtu Financial LLC now owns 212,532 shares of the exchange traded fund’s stock worth $1,619,000 after purchasing an additional 91,116 shares during the period. IMC Chicago LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 1st quarter worth $450,000. Squarepoint Ops LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth $226,000. CPR Investments Inc. purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth $170,000. Finally, Headlands Technologies LLC grew its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 171.5% during the 1st quarter. Headlands Technologies LLC now owns 12,857 shares of the exchange traded fund’s stock worth $120,000 after purchasing an additional 8,121 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.