Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Gap Down – Here’s What Happened

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s share price gapped down before the market opened on Friday . The stock had previously closed at $56.03, but opened at $54.68. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $54.33, with a volume of 184,313 shares.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The firm has a fifty day moving average of $61.10 and a 200-day moving average of $354.29.

Institutional Trading of Direxion Daily Gold Miners Index Bear 2x Shares

A number of hedge funds have recently bought and sold shares of DUST. Squarepoint Ops LLC bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter valued at $226,000. Spire Wealth Management acquired a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter valued at about $254,000. Finally, Virtu Financial LLC increased its stake in Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% in the third quarter. Virtu Financial LLC now owns 560,878 shares of the exchange traded fund’s stock valued at $2,995,000 after acquiring an additional 348,346 shares during the period.

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.