Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $57.75 and traded as high as $71.46. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $71.14, with a volume of 520,908 shares traded.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The business has a 50-day simple moving average of $58.50 and a 200 day simple moving average of $53.12.

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

Several institutional investors have recently added to or reduced their stakes in DUST. BNP Paribas Financial Markets bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter worth approximately $5,952,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth $4,567,000. Jump Financial LLC bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth $4,483,000. Raffles Associates LP bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth $1,488,000. Finally, Hamilton Wealth LLC acquired a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at $461,000.

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.