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

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 725,949 shares, a growth of 13.7% from the March 31st total of 638,495 shares. Approximately 42.5% of the shares of the stock are sold short. Based on an average daily volume of 1,345,438 shares, the short-interest ratio is currently 0.5 days.

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

Several institutional investors and hedge funds have recently modified their holdings of DUST. Walleye Capital LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter valued at $235,000. Bank of America Corp DE bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter valued at $126,000. Group One Trading LLC raised 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 valued at $26,000 after purchasing an additional 544 shares during the period. Lane Generational LLC bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 3rd quarter valued at $3,849,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 135.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,346 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 1,923 shares during the period.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Up 2.9%

Shares of DUST stock traded up $1.53 on Friday, hitting $54.54. 478,266 shares of the stock traded hands, compared to its average volume of 4,745,277. Direxion Daily Gold Miners Index Bear 2x Shares has a 52 week low of $34.60 and a 52 week high of $338.80. The firm has a 50 day simple moving average of $48.34 and a two-hundred day simple moving average of $68.30.

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.