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

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) are scheduled to reverse split before the market opens 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 Friday, November 1st.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

Shares of NYSEARCA DUST opened at $5.28 on Friday. The stock’s 50 day moving average price is $52.79 and its 200-day moving average price is $64.86. Direxion Daily Gold Miners Index Bear 2x Shares has a twelve month low of $4.31 and a twelve month high of $14.60.

Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

Hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC increased its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 171.5% during the first quarter. Headlands Technologies LLC now owns 12,857 shares of the exchange traded fund’s stock worth $120,000 after buying an additional 8,121 shares during the last quarter. CPR Investments Inc. purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth approximately $170,000. Squarepoint Ops LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth approximately $226,000. Finally, Virtu Financial LLC raised its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 75.0% in 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.

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.