Direxion Daily Gold Miners Index Bear 2x Shares Stock Scheduled to Reverse Split on Thursday, March 5th (NYSEARCA:DUST)

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) are set to reverse split on the morning of Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, March 4th.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

Shares of DUST opened at $4.44 on Tuesday. Direxion Daily Gold Miners Index Bear 2x Shares has a twelve month low of $4.16 and a twelve month high of $52.14. The firm’s 50-day moving average is $6.17 and its two-hundred day moving average is $10.66.

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

Several hedge funds and other institutional investors have recently bought and sold shares of DUST. Belvedere Trading LLC purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter worth $703,000. Simplex Trading LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at $692,000. SBI Securities Co. Ltd. raised its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 71.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,423 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 593 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter worth about $235,000. Finally, Jump Financial LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter worth about $8,762,000.

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.