Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Sees Significant Increase in Short Interest

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 6,349,148 shares, an increase of 48.9% from the February 12th total of 4,264,156 shares. Based on an average daily trading volume, of 34,924,516 shares, the days-to-cover ratio is currently 0.2 days. Currently, 437.9% of the shares of the stock are sold short. Currently, 437.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,924,516 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Price Performance

Shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares stock traded up $3.61 on Friday, hitting $35.50. The company’s stock had a trading volume of 406,809 shares, compared to its average volume of 2,362,466. Direxion Daily Junior Gold Miners Index Bear 2X Shares has a 52-week low of $22.80 and a 52-week high of $422.00. The firm has a fifty day moving average price of $34.24 and a 200-day moving average price of $65.49.

Institutional Trading of Direxion Daily Junior Gold Miners Index Bear 2X Shares

Several large investors have recently modified their holdings of JDST. StoneX Group Inc. acquired a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 2nd quarter valued at $173,000. Raffles Associates LP purchased a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the fourth quarter worth $1,118,000. HRT Financial LP acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the fourth quarter worth $723,000. BNP Paribas Financial Markets lifted its position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares by 93.3% in the second quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock valued at $980,000 after acquiring an additional 48,270 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the second quarter valued at $2,321,000.

About Direxion Daily Junior Gold Miners Index Bear 2X Shares

The Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is an exchange-traded fund that is based on the MVIS Global Junior Gold Miners index. The fund provides daily -2x exposure to an index of junior gold and silver mining companies from developed as well as emerging markets. JDST was launched on Oct 3, 2013 and is managed by Direxion.