Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Sees Strong Trading Volume – Still a Buy?

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) saw an uptick in trading volume on Tuesday . 217,265 shares were traded during trading, a decline of 27% from the previous session’s volume of 298,935 shares.The stock last traded at $61.48 and had previously closed at $66.12.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The firm’s 50-day moving average is $70.24 and its 200-day moving average is $410.81.

Institutional Trading of 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 boosted its position in Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) by 163.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 560,878 shares of the exchange traded fund’s stock after acquiring an additional 348,346 shares during the period. Virtu Financial LLC owned 2.59% of Direxion Daily Gold Miners Index Bear 2x Shares worth $2,995,000 as of its most recent SEC filing.

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.