Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Gap Down – Time to Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) gapped down before the market opened on Wednesday . The stock had previously closed at $59.48, but opened at $58.22. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $59.51, with a volume of 272,536 shares traded.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Up 0.5 %

The business’s 50 day moving average is $61.68 and its 200-day moving average is $388.55.

Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

A hedge fund recently raised its stake in Direxion Daily Gold Miners Index Bear 2x Shares stock. Virtu Financial LLC raised its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) by 163.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 560,878 shares of the exchange traded fund’s stock after buying an additional 348,346 shares during the quarter. Virtu Financial LLC owned about 2.59% of Direxion Daily Gold Miners Index Bear 2x Shares worth $2,995,000 as of its most recent SEC filing.

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.