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

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) gapped up before the market opened on Friday . The stock had previously closed at $66.43, but opened at $68.12. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $67.72, with a volume of 63,227 shares trading hands.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The firm’s 50-day simple moving average is $134.80 and its 200 day simple moving average is $451.05.

Institutional Trading of 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 lifted its stake in Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) by 163.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 approximately 2.59% of Direxion Daily Gold Miners Index Bear 2x Shares worth $2,995,000 as of its most recent filing with the Securities and Exchange Commission.

About Direxion Daily Gold Miners Index Bear 2x Shares

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.