Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Gap Down – Here’s What Happened

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $68.77, but opened at $66.66. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $65.21, with a volume of 123,307 shares trading hands.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Down 7.2 %

The firm’s fifty day moving average price is $112.22 and its 200 day moving average price is $435.84.

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

A hedge fund recently bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares stock. Squarepoint Ops LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,657 shares of the exchange traded fund’s stock, valued at approximately $226,000. Squarepoint Ops LLC owned approximately 0.14% of Direxion Daily Gold Miners Index Bear 2x Shares as of its most recent filing with the Securities & Exchange Commission.

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.