Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Shares Pass Above 50-Day Moving Average – Should You Sell?

Shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $33.55 and traded as high as $34.24. Direxion Daily Junior Gold Miners Index Bear 2X Shares shares last traded at $33.88, with a volume of 842,718 shares traded.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Price Performance

The company’s 50-day moving average is $33.55 and its two-hundred day moving average is $46.51.

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

Large investors have recently added to or reduced their stakes in the business. Traynor Capital Management Inc. bought a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 3rd quarter valued at about $43,000. StoneX Group Inc. bought a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 2nd quarter valued at about $173,000. Walleye Capital LLC bought a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 2nd quarter valued at about $193,000. Two Sigma Securities LLC bought a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 2nd quarter valued at about $618,000. Finally, XTX Topco Ltd bought a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 4th quarter valued at about $222,000.

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.