Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Gap Down – Should You Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) gapped down prior to trading on Friday . The stock had previously closed at $56.03, but opened at $54.68. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $54.33, with a volume of 184,313 shares changing hands.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Down 2.4 %

The business has a 50-day moving average price of $61.10 and a two-hundred day moving average price of $354.29.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Spire Wealth Management acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth about $254,000. Squarepoint Ops LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter worth $226,000. Finally, Virtu Financial LLC increased its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% during the third quarter. Virtu Financial LLC now owns 560,878 shares of the exchange traded fund’s stock worth $2,995,000 after buying an additional 348,346 shares in the last quarter.

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.