Direxion Daily Gold Miners Bear 3x Shares (NYSEARCA:DUST) Stock Pass Above Fifty Day Moving Average of $7.29

Shares of Direxion Daily Gold Miners Bear 3x Shares (NYSEARCA:DUST) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.29 and traded as high as $8.47. Direxion Daily Gold Miners Bear 3x Shares shares last traded at $8.33, with a volume of 792,531 shares.

The company has a fifty day simple moving average of $7.30 and a two-hundred day simple moving average of $14.95.

A hedge fund recently raised its stake in Direxion Daily Gold Miners Bear 3x Shares stock. SG Americas Securities LLC raised its position in Direxion Daily Gold Miners Bear 3x Shares (NYSEARCA:DUST) by 40.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 350,000 shares of the exchange traded fund’s stock after purchasing an additional 100,000 shares during the quarter. SG Americas Securities LLC owned 0.97% of Direxion Daily Gold Miners Bear 3x Shares worth $3,980,000 at the end of the most recent reporting period.

Further Reading: What does the Producer Price Index (PPI) tell investors?

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