Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Pass Above 50 Day Moving Average – Should You Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUSTGet Free Report)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $49.67 and traded as high as $53.07. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $52.12, with a volume of 457,653 shares trading hands.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The stock has a 50 day simple moving average of $49.67 and a 200-day simple moving average of $58.39.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DUST. Walleye Capital LLC purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at $235,000. Bank of America Corp DE bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at about $126,000. Group One Trading LLC grew its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% during the second 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. SBI Securities Co. Ltd. grew its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 135.1% during the third 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. Finally, Integrated Advisors Network LLC bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the third quarter valued at about $273,000.

About Direxion Daily Gold Miners Index Bear 2x Shares

(Get Free Report)

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.

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