Stock Traders Buy Large Volume of Call Options on Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) was the recipient of some unusual options trading on Tuesday. Traders bought 4,977 call options on the stock. This is an increase of 69% compared to the average daily volume of 2,939 call options.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

NYSEARCA:DUST opened at $11.33 on Thursday. Direxion Daily Gold Miners Index Bear 2x Shares has a 12-month low of $8.61 and a 12-month high of $70.76. The stock’s 50 day simple moving average is $13.66 and its 200-day simple moving average is $22.19.

Institutional Trading of Direxion Daily Gold Miners Index Bear 2x Shares

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 721.8% during the first quarter. SBI Securities Co. Ltd. now owns 830 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 729 shares during the period. Belvedere Trading LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth approximately $703,000. Simplex Trading LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth approximately $692,000. Walleye Capital LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter valued at approximately $235,000. Finally, Jump Financial LLC purchased a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at approximately $8,762,000.

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.