Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Short Interest Down 89.8% in March

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 643,008 shares, a decrease of 89.8% from the February 26th total of 6,329,198 shares. Approximately 19.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,165,666 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 4,165,666 shares, the days-to-cover ratio is currently 0.2 days. Approximately 19.9% of the shares of the stock are short sold.

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

Several hedge funds have recently made changes to their positions in the business. Jump Financial LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at approximately $8,762,000. Lane Generational LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the third quarter worth approximately $3,849,000. BNP Paribas Financial Markets acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter worth approximately $5,952,000. Qube Research & Technologies Ltd increased its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 82,725.5% in the third quarter. Qube Research & Technologies Ltd now owns 45,554 shares of the exchange traded fund’s stock valued at $498,000 after buying an additional 45,499 shares in the last quarter. Finally, StoneX Group Inc. bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at $405,000.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

NYSEARCA:DUST traded down $4.25 during mid-day trading on Wednesday, reaching $59.00. 932,391 shares of the stock were exchanged, compared to its average volume of 6,443,451. The business has a fifty day moving average price of $48.99 and a 200 day moving average price of $81.29. Direxion Daily Gold Miners Index Bear 2x Shares has a 1-year low of $34.60 and a 1-year high of $457.50.

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.