Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Share Price Cross Below Fifty Day Moving Average – Here’s What Happened

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUSTGet Free Report)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.63 and traded as low as $6.85. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $6.88, with a volume of 25,887,113 shares.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The company has a 50 day simple moving average of $9.63 and a two-hundred day simple moving average of $15.70.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DUST. Jump Financial LLC purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter worth approximately $8,762,000. Lane Generational LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the third quarter worth $3,849,000. Qube Research & Technologies Ltd increased its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 82,725.5% in the third quarter. Qube Research & Technologies Ltd now owns 45,554 shares of the exchange traded fund’s stock worth $498,000 after acquiring an additional 45,499 shares during the last quarter. Belvedere Trading LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter worth $703,000. Finally, Simplex Trading LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at $692,000.

Direxion Daily Gold Miners Index Bear 2x Shares Company Profile

(Get Free Report)

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.

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