Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Shares Up 2.9% – Still a Buy?

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDSTGet Free Report)’s stock price traded up 2.9% on Monday . The company traded as high as $2.98 and last traded at $2.88. 49,619,407 shares were traded during trading, an increase of 287% from the average session volume of 12,808,521 shares. The stock had previously closed at $2.80.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Stock Down 2.8%

The firm’s fifty day moving average price is $3.83 and its 200-day moving average price is $6.57.

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

Institutional investors have recently added to or reduced their stakes in the company. Simplex Trading LLC increased its position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares by 61.7% during the first quarter. Simplex Trading LLC now owns 7,307 shares of the company’s stock valued at $117,000 after acquiring an additional 2,789 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 2nd quarter valued at about $48,000. Eastern Bank purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 2nd quarter worth about $272,000. Walleye Capital LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the second quarter valued at $193,000. Finally, StoneX Group Inc. purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 2nd quarter worth $173,000.

About Direxion Daily Junior Gold Miners Index Bear 2X Shares

(Get Free Report)

The Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is an exchange-traded fund that is based on the MVIS Global Junior Gold Miners index. The fund provides daily -2x exposure to an index of junior gold and silver mining companies from developed as well as emerging markets. JDST was launched on Oct 3, 2013 and is managed by Direxion.

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