Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUSTGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $126.87 and traded as low as $25.59. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $26.59, with a volume of 4,835,985 shares trading hands.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Down 5.6 %

The firm has a 50 day moving average price of $41.08 and a 200-day moving average price of $126.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 131.9% during the 4th quarter. JPMorgan Chase & Co. now owns 443 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 252 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth $254,000. BNP Paribas Financial Markets purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at $3,438,000. Finally, Virtu Financial LLC grew its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% in the third quarter. Virtu Financial LLC now owns 560,878 shares of the exchange traded fund’s stock worth $2,995,000 after purchasing an additional 348,346 shares during the last quarter.

About Direxion Daily Gold Miners Index Bear 2x Shares

(Get Free Report)

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.

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