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

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s stock is going to reverse split on 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 Friday, November 1st.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

Shares of NYSEARCA DUST opened at $5.28 on Friday. Direxion Daily Gold Miners Index Bear 2x Shares has a 12 month low of $4.31 and a 12 month high of $14.60. The firm has a fifty day simple moving average of $52.79 and a two-hundred day simple moving average of $64.86.

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

Several institutional investors have recently modified their holdings of DUST. Headlands Technologies LLC increased its position in shares of 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 valued at $120,000 after purchasing an additional 8,121 shares during the last quarter. CPR Investments Inc. bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter worth approximately $170,000. Squarepoint Ops LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth $226,000. Finally, Virtu Financial LLC grew its position in shares of 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 valued at $1,619,000 after acquiring an additional 91,116 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.