Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Trading Down 2.9% – What’s Next?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) were down 2.9% on Friday . The stock traded as low as $67.24 and last traded at $67.27. Approximately 36,520 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 995,533 shares. The stock had previously closed at $69.30.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The company’s 50-day moving average price is $187.02 and its 200 day moving average price is $481.77.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares stock. Squarepoint Ops LLC bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,657 shares of the exchange traded fund’s stock, valued at approximately $226,000. Squarepoint Ops LLC owned approximately 0.14% of Direxion Daily Gold Miners Index Bear 2x Shares at the end of the most recent quarter.

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.