Short Interest in Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Grows By 72.2%

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 4,441,132 shares, an increase of 72.2% from the January 15th total of 2,578,744 shares. Based on an average daily volume of 120,405,568 shares, the short-interest ratio is presently 0.0 days. Approximately 13.7% of the shares of the stock are sold short. Approximately 13.7% of the shares of the stock are sold short. Based on an average daily volume of 120,405,568 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

Hedge funds have recently made changes to their positions in the stock. StoneX Group Inc. acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter worth approximately $405,000. BNP Paribas Financial Markets bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth $5,952,000. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 150.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 8,378 shares of the exchange traded fund’s stock worth $62,000 after buying an additional 5,032 shares during the last quarter. IMC Chicago LLC acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth $397,000. Finally, Romano Brothers AND Company bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter valued at $112,000.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

Shares of DUST stock traded down $0.57 on Friday, hitting $4.44. 70,629,562 shares of the company’s stock were exchanged, compared to its average volume of 81,770,625. Direxion Daily Gold Miners Index Bear 2x Shares has a 12 month low of $4.16 and a 12 month high of $52.14. The company has a 50 day moving average of $6.26 and a 200 day moving average of $10.99.

Shares of Direxion Daily Gold Miners Index Bear 2x Shares are set to reverse split on the morning of Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, March 4th.

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.