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

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) shares gapped up before the market opened on Thursday . The stock had previously closed at $41.40, but opened at $42.85. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $44.61, with a volume of 622,160 shares traded.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Up 9.6%

The firm’s 50 day moving average is $5.31 and its two-hundred day moving average is $9.37.

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

Several hedge funds have recently added to or reduced their stakes in DUST. Group One Trading LLC boosted its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% during the 2nd quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 544 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of 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 buying an additional 593 shares during the last quarter. Romano Brothers AND Company purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at $112,000. Bank of America Corp DE acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at $126,000. Finally, Walleye Capital LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter worth about $235,000.

Direxion Daily Gold Miners Index Bear 2x Shares Company Profile

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.