Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Gap Up – Should You Buy?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s share price gapped up before the market opened on Monday . The stock had previously closed at $54.70, but opened at $55.98. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $57.03, with a volume of 322,846 shares changing hands.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Up 5.5 %

The business has a 50 day moving average price of $61.10 and a two-hundred day moving average price of $352.27.

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

A number of hedge funds have recently bought and sold shares of DUST. Squarepoint Ops LLC bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth approximately $226,000. Spire Wealth Management bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter valued at $254,000. Finally, Virtu Financial LLC raised its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% during the 3rd quarter. Virtu Financial LLC now owns 560,878 shares of the exchange traded fund’s stock valued at $2,995,000 after purchasing an additional 348,346 shares during the period.

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.