Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Down 5.1% – Should You Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) shares dropped 5.1% during trading on Wednesday . The stock traded as low as $48.37 and last traded at $46.53. Approximately 32,352 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 731,333 shares. The stock had previously closed at $49.04.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Down 6.5 %

The business’s 50-day moving average price is $60.32 and its 200-day moving average price is $325.21.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Spire Wealth Management bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at $254,000. Squarepoint Ops LLC bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at about $226,000. Finally, Virtu Financial LLC raised 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 valued at $2,995,000 after buying an additional 348,346 shares during the last 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.