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

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 2,177,189 shares, a growth of 58.2% from the December 15th total of 1,376,376 shares. Approximately 12.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 42,299,828 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 42,299,828 shares, the short-interest ratio is presently 0.1 days. Approximately 12.8% of the shares of the stock are sold short.

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

Hedge funds have recently made changes to their positions in the stock. Simplex Trading LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter worth $692,000. Jump Financial LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at approximately $8,762,000. Belvedere Trading LLC bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter worth approximately $703,000. SBI Securities Co. Ltd. increased its position in Direxion Daily Gold Miners Index Bear 2x Shares by 71.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,423 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 593 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in Direxion Daily Gold Miners Index Bear 2x Shares by 82,725.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 45,554 shares of the exchange traded fund’s stock worth $498,000 after acquiring an additional 45,499 shares during the period.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

DUST traded down $0.01 during trading on Friday, hitting $5.75. 61,941,582 shares of the company’s stock were exchanged, compared to its average volume of 56,133,488. The stock has a 50 day moving average price of $8.05 and a 200 day moving average price of $13.66. Direxion Daily Gold Miners Index Bear 2x Shares has a 1 year low of $5.60 and a 1 year high of $60.38.

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.