Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Sees Large Decline in Short Interest

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 2,977,391 shares, a drop of 33.0% from the January 29th total of 4,441,132 shares. Currently, 9.2% of the shares of the stock are short sold. Based on an average daily volume of 69,367,165 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 69,367,165 shares, the short-interest ratio is currently 0.0 days. Currently, 9.2% of the shares of the stock are short sold.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

Shares of Direxion Daily Gold Miners Index Bear 2x Shares stock traded down $0.13 during trading hours on Friday, reaching $3.54. 105,072,337 shares of the company’s stock were exchanged, compared to its average volume of 81,297,375. The business has a fifty day moving average of $5.49 and a two-hundred day moving average of $9.70. Direxion Daily Gold Miners Index Bear 2x Shares has a 1 year low of $3.53 and a 1 year high of $52.14.

Direxion Daily Gold Miners Index Bear 2x Shares shares are scheduled to reverse split on the morning of Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, March 4th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DUST. BNP Paribas Financial Markets acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter worth approximately $5,952,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at approximately $4,567,000. Jump Financial LLC purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth approximately $4,483,000. Lane Generational LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the third quarter worth $3,849,000. Finally, Raffles Associates LP acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth $1,488,000.

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.