Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Trading Down 4.9% – What’s Next?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) were down 4.9% on Wednesday . The stock traded as low as $43.37 and last traded at $43.40. Approximately 834,605 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 799,931 shares. The stock had previously closed at $45.62.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The stock has a 50 day moving average price of $59.02 and a 200-day moving average price of $304.27.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC grew its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% in the third quarter. Virtu Financial LLC now owns 560,878 shares of the exchange traded fund’s stock valued at $2,995,000 after purchasing an additional 348,346 shares in the last quarter. Spire Wealth Management purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter valued at $254,000. Finally, JPMorgan Chase & Co. increased its stake 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 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.