Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Trading Down 2.9% – Here’s Why

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) fell 2.9% on Friday . The company traded as low as $67.24 and last traded at $67.27. 36,520 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 995,533 shares. The stock had previously closed at $69.30.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The stock has a 50 day simple moving average of $187.02 and a 200-day simple moving average of $481.77.

Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares

A hedge fund recently raised its stake in Direxion Daily Gold Miners Index Bear 2x Shares stock. Virtu Financial LLC increased its position in Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) by 163.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 560,878 shares of the exchange traded fund’s stock after acquiring an additional 348,346 shares during the quarter. Virtu Financial LLC owned about 2.59% of Direxion Daily Gold Miners Index Bear 2x Shares worth $2,995,000 at the end of the most recent quarter.

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.