Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Stock Cross Below 50 Day Moving Average – Time to Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.37 and traded as low as $8.61. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $8.74, with a volume of 32,317,445 shares traded.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The business has a 50-day simple moving average of $14.37 and a two-hundred day simple moving average of $22.95.

Hedge Funds Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

A number of institutional investors and hedge funds have recently bought and sold shares of DUST. SBI Securities Co. Ltd. raised its position in Direxion Daily Gold Miners Index Bear 2x Shares by 721.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 830 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 729 shares during the last quarter. Walleye Capital LLC bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter worth approximately $235,000. Bank of America Corp DE acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at $126,000. Group One Trading LLC lifted its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% during the second quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 544 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at $8,762,000.

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.