Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Hits New 12-Month Low – What’s Next?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $43.07 and last traded at $43.25, with a volume of 741425 shares traded. The stock had previously closed at $45.26.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Up 6.7 %

The company has a 50-day moving average price of $57.25 and a 200-day moving average price of $280.07.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 131.9% during the 4th quarter. JPMorgan Chase & Co. now owns 443 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 252 shares in the last quarter. Spire Wealth Management bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter worth approximately $254,000. Virtu Financial LLC raised its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% during the 3rd quarter. Virtu Financial LLC now owns 560,878 shares of the exchange traded fund’s stock worth $2,995,000 after purchasing an additional 348,346 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter worth approximately $3,438,000.

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.