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

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 6,349,148 shares, an increase of 48.9% from the February 12th total of 4,264,156 shares. Currently, 437.9% of the company’s stock are short sold. Based on an average daily volume of 34,924,516 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 34,924,516 shares, the days-to-cover ratio is currently 0.2 days. Currently, 437.9% of the company’s stock are short sold.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Traynor Capital Management Inc. purchased a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 3rd quarter worth approximately $43,000. StoneX Group Inc. purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the second quarter valued at approximately $173,000. Walleye Capital LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the second quarter valued at approximately $193,000. Two Sigma Securities LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the second quarter worth $618,000. Finally, XTX Topco Ltd acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the fourth quarter worth $222,000.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Stock Up 11.3%

Shares of NYSEARCA JDST opened at $35.50 on Friday. Direxion Daily Junior Gold Miners Index Bear 2X Shares has a 1-year low of $22.80 and a 1-year high of $422.00. The business has a 50-day moving average of $34.24 and a 200-day moving average of $66.61.

About Direxion Daily Junior Gold Miners Index Bear 2X Shares

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.