Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $57.75 and traded as high as $71.46. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $71.14, with a volume of 520,908 shares.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Up 1.8%

The company has a fifty day simple moving average of $57.75 and a two-hundred day simple moving average of $53.30.

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

A number of large investors have recently made changes to their positions in DUST. Group One Trading LLC grew its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% during the second quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 544 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in Direxion Daily Gold Miners Index Bear 2x Shares by 150.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 8,378 shares of the exchange traded fund’s stock worth $62,000 after purchasing an additional 5,032 shares during the period. Bank of America Corp DE purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth $126,000. Walleye Capital LLC purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth $235,000. Finally, Romano Brothers AND Company acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at $112,000.

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.