Short Interest in Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Decreases By 49.4%

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 367,098 shares, a decline of 49.4% from the April 15th total of 725,949 shares. Currently, 18.7% of the company’s shares are short sold. Based on an average daily trading volume, of 747,001 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DUST. BNP Paribas Financial Markets purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth $5,952,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth approximately $4,567,000. Jump Financial LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth approximately $4,483,000. Lane Generational LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the third quarter worth approximately $3,849,000. Finally, Raffles Associates LP purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at approximately $1,488,000.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Up 13.9%

NYSEARCA:DUST traded up $6.36 during trading hours on Friday, reaching $52.05. 1,347,542 shares of the stock were exchanged, compared to its average volume of 4,340,786. The business has a 50-day moving average of $49.81 and a two-hundred day moving average of $64.54. Direxion Daily Gold Miners Index Bear 2x Shares has a twelve month low of $34.60 and a twelve month high of $336.60.

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.