Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Gap Up – Should You Buy?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $41.40, but opened at $42.85. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $44.61, with a volume of 622,160 shares trading hands.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Up 1.0%

The firm’s fifty day moving average is $52.23 and its 200-day moving average is $92.33.

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

A number of large investors have recently modified their holdings of DUST. BNP Paribas Financial Markets purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at approximately $5,952,000. Virtu Financial LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at $4,567,000. Jump Financial LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at $4,483,000. Lane Generational LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 3rd quarter worth $3,849,000. Finally, Raffles Associates LP acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter worth $1,488,000.

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.