Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Shares Scheduled to Reverse Split on Thursday, March 5th

Shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) are set to reverse split before the market opens on Thursday, March 5th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, March 4th.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Trading Down 11.9%

Shares of NYSEARCA JDST opened at $1.55 on Tuesday. Direxion Daily Junior Gold Miners Index Bear 2X Shares has a 52 week low of $1.42 and a 52 week high of $24.39. The business’s 50 day moving average price is $2.18 and its 200 day moving average price is $4.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JDST. Group One Trading LLC purchased a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the fourth quarter valued at $1,080,000. HRT Financial LP purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the fourth quarter worth about $723,000. Jump Financial LLC acquired a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the second quarter worth about $2,321,000. Simplex Trading LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the fourth quarter valued at approximately $369,000. Finally, Qube Research & Technologies Ltd purchased a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the third quarter valued at approximately $499,000.

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.