Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Trading Down 1.1% – Should You Sell?

Shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) dropped 1.1% during mid-day trading on Thursday . The stock traded as low as $20.06 and last traded at $20.10. Approximately 748,970 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 901,269 shares. The stock had previously closed at $20.32.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Price Performance

The firm’s 50-day moving average is $26.16 and its two-hundred day moving average is $27.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Jump Financial LLC lifted its position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares by 105.2% during the fourth quarter. Jump Financial LLC now owns 55,109 shares of the company’s stock worth $1,701,000 after purchasing an additional 28,256 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 3rd quarter worth about $2,640,000. Finally, Virtu Financial LLC bought a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 3rd quarter valued at about $4,660,000.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Company Profile

The Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is an exchange-traded fund that is based on the MVIS Global Junior Gold Miners index. The fund provides daily -2x exposure to an index of junior gold and silver mining companies from developed as well as emerging markets. JDST was launched on Oct 3, 2013 and is managed by Direxion.