Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Gap Up – Should You Buy?

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) gapped up prior to trading on Friday . The stock had previously closed at $66.43, but opened at $68.12. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $67.72, with a volume of 63,227 shares.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The business’s fifty day moving average price is $134.80 and its two-hundred day moving average price is $451.05.

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

A hedge fund recently raised its stake in Direxion Daily Gold Miners Index Bear 2x Shares stock. Virtu Financial LLC increased its position in Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) by 75.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 212,532 shares of the exchange traded fund’s stock after purchasing an additional 91,116 shares during the quarter. Virtu Financial LLC owned approximately 0.98% of Direxion Daily Gold Miners Index Bear 2x Shares worth $1,619,000 at the end of the most recent quarter.

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.