Traders Buy Large Volume of Direxion Daily Gold Miners Index Bear 2x Shares Call Options (NYSEARCA:DUST)

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) was the target of unusually large options trading activity on Tuesday. Investors acquired 4,977 call options on the stock. This represents an increase of approximately 69% compared to the typical volume of 2,939 call options.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Up 19.1%

Shares of DUST opened at $11.34 on Wednesday. Direxion Daily Gold Miners Index Bear 2x Shares has a fifty-two week low of $8.61 and a fifty-two week high of $70.76. The firm has a 50-day simple moving average of $13.82 and a 200-day simple moving average of $22.27.

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

Hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its position in Direxion Daily Gold Miners Index Bear 2x Shares by 721.8% in the first quarter. SBI Securities Co. Ltd. now owns 830 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 729 shares during the period. Walleye Capital LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at about $235,000. Bank of America Corp DE acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at about $126,000. Group One Trading LLC lifted its position in Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% in the second quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 544 shares during the period. Finally, Jump Financial LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at about $8,762,000.

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.