Direxion Daily Gold Miners Index Bear 2x Shares Stock to Reverse Split on Monday, November 4th (NYSEARCA:DUST)

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s stock is set to reverse split before the market opens on Monday, November 4th. The 1-10 reverse split was announced on Friday, October 11th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, November 1st.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Up 2.5 %

Direxion Daily Gold Miners Index Bear 2x Shares stock opened at $5.28 on Friday. The stock’s 50 day simple moving average is $52.79 and its two-hundred day simple moving average is $64.86. Direxion Daily Gold Miners Index Bear 2x Shares has a fifty-two week low of $4.31 and a fifty-two week high of $14.60.

Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

Hedge funds have recently modified their holdings of the business. Headlands Technologies LLC grew its stake in Direxion Daily Gold Miners Index Bear 2x Shares by 171.5% in the 1st quarter. Headlands Technologies LLC now owns 12,857 shares of the exchange traded fund’s stock worth $120,000 after acquiring an additional 8,121 shares in the last quarter. CPR Investments Inc. acquired a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter worth $170,000. Squarepoint Ops LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at $226,000. Finally, Virtu Financial LLC raised its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 75.0% in the second quarter. Virtu Financial LLC now owns 212,532 shares of the exchange traded fund’s stock worth $1,619,000 after acquiring an additional 91,116 shares during the period.

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.