Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Stock Cross Above Fifty Day Moving Average – What’s Next?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $50.41 and traded as high as $61.99. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $58.57, with a volume of 900,270 shares traded.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Down 5.6%

The company has a 50 day moving average of $50.41 and a 200 day moving average of $56.95.

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

A number of institutional investors have recently made changes to their positions in DUST. Group One Trading LLC boosted its stake 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 buying an additional 544 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 135.1% in the third quarter. SBI Securities Co. Ltd. now owns 3,346 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 1,923 shares during the last quarter. Romano Brothers AND Company bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter worth $112,000. Bank of America Corp DE acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at $126,000. Finally, Walleye Capital LLC bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter valued at $235,000.

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.