Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Sees Significant Decline in Short Interest

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 143,317 shares, a drop of 47.2% from the April 30th total of 271,615 shares. Based on an average daily volume of 833,188 shares, the short-interest ratio is presently 0.2 days. Approximately 11.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of JDST. Raffles Associates LP purchased a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 4th quarter valued at about $1,118,000. Group One Trading LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 4th quarter valued at about $1,080,000. Jump Financial LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 4th quarter valued at about $892,000. HRT Financial LP purchased a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 4th quarter valued at about $723,000. Finally, Virtu Financial LLC lifted its position in Direxion Daily Junior Gold Miners Index Bear 2X Shares by 112.2% during the 4th quarter. Virtu Financial LLC now owns 466,836 shares of the company’s stock valued at $1,228,000 after acquiring an additional 246,859 shares during the period.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Trading Up 4.7%

NYSEARCA JDST traded up $1.49 during trading hours on Monday, reaching $33.15. 421,909 shares of the company’s stock traded hands, compared to its average volume of 1,448,673. Direxion Daily Junior Gold Miners Index Bear 2X Shares has a 52-week low of $22.80 and a 52-week high of $217.40. The firm has a 50-day simple moving average of $34.09 and a 200 day simple moving average of $42.27.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Company Profile

The Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is an exchange-traded fund that is based on the MVIS Global Junior Gold Miners index. The fund provides daily -2x exposure to an index of junior gold and silver mining companies from developed as well as emerging markets. JDST was launched on Oct 3, 2013 and is managed by Direxion.