Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Scheduled to Reverse Split on Thursday, March 5th

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) shares are going to reverse split before the market opens on Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, March 4th.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Down 3.9%

Shares of Direxion Daily Gold Miners Index Bear 2x Shares stock opened at $4.23 on Friday. The company has a 50 day moving average of $5.88 and a 200-day moving average of $10.32. Direxion Daily Gold Miners Index Bear 2x Shares has a 1-year low of $4.16 and a 1-year high of $52.14.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at about $5,952,000. Jump Financial LLC bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter valued at approximately $4,483,000. Lane Generational LLC bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 3rd quarter valued at approximately $3,849,000. Raffles Associates LP acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter valued at approximately $1,488,000. Finally, Hamilton Wealth LLC bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at $461,000.

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.