Short Interest in Direxion Daily Gold Miners Index Bear 2X ETF (NYSEARCA:DUST) Expands By 88.2%

Direxion Daily Gold Miners Index Bear 2X ETF (NYSEARCA:DUST) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 400,739 shares, an increase of 88.2% from the August 15th total of 212,917 shares. Based on an average daily volume of 2,200,702 shares, the days-to-cover ratio is presently 0.2 days. Approximately 36.1% of the company’s shares are short sold.

Direxion Daily Gold Miners Index Bear 2X ETF Trading Down 6.7%

Shares of NYSEARCA DUST traded down $2.45 during mid-day trading on Thursday, reaching $34.22. The company had a trading volume of 1,549,632 shares, compared to its average volume of 2,780,414. The business’s 50-day moving average is $46.55 and its 200-day moving average is $50.32. Direxion Daily Gold Miners Index Bear 2X ETF has a 52 week low of $29.01 and a 52 week high of $143.70.

Institutional Trading of Direxion Daily Gold Miners Index Bear 2X ETF

An institutional investor recently bought a new position in Direxion Daily Gold Miners Index Bear 2X ETF stock. Hamilton Wealth LLC bought a new stake in Direxion Daily Gold Miners Index Bear 2X ETF (NYSEARCA:DUST) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 62,000 shares of the exchange traded fund’s stock, valued at approximately $461,000. Hamilton Wealth LLC owned about 0.19% of Direxion Daily Gold Miners Index Bear 2X ETF at the end of the most recent reporting period.

About Direxion Daily Gold Miners Index Bear 2X ETF

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.