Investors Purchase Large Volume of Call Options on Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST)

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) was the target of unusually large options trading on Friday. Investors bought 4,979 call options on the company. This is an increase of 107% compared to the typical volume of 2,411 call options.

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

Several institutional investors have recently modified their holdings of JDST. Eastern Bank purchased a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the second quarter valued at $272,000. BNP Paribas Financial Markets lifted its holdings in Direxion Daily Junior Gold Miners Index Bear 2X Shares by 93.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock worth $980,000 after buying an additional 48,270 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 3rd quarter worth about $499,000. Two Sigma Securities LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 2nd quarter worth about $618,000. Finally, Traynor Capital Management Inc. purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 3rd quarter valued at about $43,000.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Trading Up 27.0%

Shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares stock opened at $2.02 on Friday. Direxion Daily Junior Gold Miners Index Bear 2X Shares has a 52-week low of $1.42 and a 52-week high of $24.39. The company has a 50 day moving average of $2.54 and a 200 day moving average of $4.90.

About Direxion Daily Junior Gold Miners Index Bear 2X Shares

The Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) is an exchange-traded fund that is based on the MVIS Global Junior Gold Miners index. The fund provides daily -2x exposure to an index of junior gold and silver mining companies from developed as well as emerging markets. JDST was launched on Oct 3, 2013 and is managed by Direxion.