Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Sees Large Growth in Short Interest

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 2,177,189 shares, an increase of 58.2% from the December 15th total of 1,376,376 shares. Based on an average trading volume of 42,299,828 shares, the short-interest ratio is currently 0.1 days. Currently, 12.8% of the shares of the stock are short sold. Currently, 12.8% of the shares of the stock are short sold. Based on an average trading volume of 42,299,828 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Down 0.2%

Shares of NYSEARCA:DUST opened at $5.75 on Friday. The company has a fifty day moving average of $8.05 and a 200-day moving average of $13.58. Direxion Daily Gold Miners Index Bear 2x Shares has a 52-week low of $5.60 and a 52-week high of $60.38.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Group One Trading LLC grew its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% during the 2nd quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 544 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 71.4% during the second quarter. SBI Securities Co. Ltd. now owns 1,423 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 593 shares during the last quarter. Romano Brothers AND Company bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth about $112,000. Bank of America Corp DE purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter valued at approximately $126,000. Finally, Walleye Capital LLC purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth about $235,000.

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.