Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Trading Down 2.9% – Time to Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s share price traded down 2.9% during trading on Friday . The company traded as low as $67.24 and last traded at $67.27. 36,520 shares were traded during trading, a decline of 96% from the average session volume of 995,533 shares. The stock had previously closed at $69.30.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Down 3.0 %

The firm’s 50 day moving average is $177.83 and its two-hundred day moving average is $475.18.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares stock. Squarepoint Ops LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,657 shares of the exchange traded fund’s stock, valued at approximately $226,000. Squarepoint Ops LLC owned about 0.14% of Direxion Daily Gold Miners Index Bear 2x Shares at the end of the most recent reporting 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.