Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Share Price Pass Above Fifty Day Moving Average – Here’s Why

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $50.93 and traded as high as $53.94. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $53.71, with a volume of 455,428 shares.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The business has a 50 day moving average of $50.93 and a 200-day moving average of $60.49.

Institutional Trading of Direxion Daily Gold Miners Index Bear 2x Shares

Large investors have recently bought and sold shares of the business. Group One Trading LLC raised its position in Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% in the 2nd quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 544 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 135.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,346 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 1,923 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth approximately $126,000. Walleye Capital LLC bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth approximately $235,000. Finally, Romano Brothers AND Company bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter worth approximately $112,000.

Direxion Daily Gold Miners Index Bear 2x Shares Company Profile

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.