Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares to Reverse Split on Monday, November 4th

Shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) are scheduled to reverse split on the morning of Monday, November 4th. The 1-10 reverse split was announced on Friday, October 11th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 31st.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

Shares of NYSEARCA DUST opened at $4.33 on Wednesday. The stock’s 50-day simple moving average is $5.52 and its two-hundred day simple moving average is $6.68. Direxion Daily Gold Miners Index Bear 2x Shares has a twelve month low of $4.31 and a twelve month high of $14.60.

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

Several institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter valued at about $226,000. Virtu Financial LLC grew its position in Direxion Daily Gold Miners Index Bear 2x Shares by 75.0% during the 2nd quarter. Virtu Financial LLC now owns 212,532 shares of the exchange traded fund’s stock worth $1,619,000 after acquiring an additional 91,116 shares during the last quarter. CPR Investments Inc. bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth approximately $170,000. Headlands Technologies LLC grew its position in Direxion Daily Gold Miners Index Bear 2x Shares by 171.5% during the 1st quarter. Headlands Technologies LLC now owns 12,857 shares of the exchange traded fund’s stock worth $120,000 after acquiring an additional 8,121 shares during the last quarter. Finally, IMC Chicago LLC bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 1st quarter worth approximately $450,000.

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.