Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Stock Price Up 5.5% – What’s Next?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) shares rose 5.5% on Friday . The company traded as high as $46.49 and last traded at $46.27. Approximately 515,251 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 871,414 shares. The stock had previously closed at $43.84.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The company has a 50-day simple moving average of $56.97 and a 200-day simple moving average of $275.56.

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

A number of institutional investors have recently modified their holdings of the business. Virtu Financial LLC grew its position in 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 during the period. BNP Paribas Financial Markets acquired a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter valued at approximately $3,438,000. Spire Wealth Management purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter worth approximately $254,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 131.9% in the 4th quarter. JPMorgan Chase & Co. now owns 443 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 252 shares during the period.

About Direxion Daily Gold Miners Index Bear 2x Shares

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.