Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Gap Up – Here’s Why

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s share price gapped up prior to trading on Friday . The stock had previously closed at $66.43, but opened at $68.12. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $67.72, with a volume of 63,227 shares.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Up 1.8 %

The company has a 50-day moving average price of $142.53 and a two-hundred day moving average price of $458.22.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares stock. Squarepoint Ops LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 29,657 shares of the exchange traded fund’s stock, valued at approximately $226,000. Squarepoint Ops LLC owned about 0.14% of Direxion Daily Gold Miners Index Bear 2x Shares at the end of the most recent quarter.

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.