Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Stock Price Cross Below 50 Day Moving Average – Time to Sell?

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $20.61 and traded as low as $16.01. Direxion Daily Junior Gold Miners Index Bear 2X Shares shares last traded at $16.33, with a volume of 1,220,218 shares.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Price Performance

The business has a 50-day simple moving average of $20.61 and a two-hundred day simple moving average of $24.44.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a $0.2191 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the third quarter valued at approximately $2,640,000. Virtu Financial LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the third quarter worth approximately $4,660,000. Finally, Jump Financial LLC increased its holdings in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares by 105.2% in the fourth quarter. Jump Financial LLC now owns 55,109 shares of the company’s stock valued at $1,701,000 after buying an additional 28,256 shares in the last quarter.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Company Profile

The Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is an exchange-traded fund that is based on the MVIS Global Junior Gold Miners index. The fund provides daily -2x exposure to an index of junior gold and silver mining companies from developed as well as emerging markets. JDST was launched on Oct 3, 2013 and is managed by Direxion.