Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Share Price Cross Below 50 Day Moving Average – Time to Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.58 and traded as low as $4.63. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $4.66, with a volume of 50,548,809 shares traded.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The company has a 50-day simple moving average of $6.58 and a two-hundred day simple moving average of $11.34.

Direxion Daily Gold Miners Index Bear 2x Shares shares are going to reverse split on Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, March 4th.

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

Several large investors have recently modified their holdings of the business. Jump Financial LLC purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter worth approximately $8,762,000. Lane Generational LLC purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the third quarter worth $3,849,000. IMC Chicago LLC purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter worth $397,000. Qube Research & Technologies Ltd boosted its holdings in Direxion Daily Gold Miners Index Bear 2x Shares by 82,725.5% in the third quarter. Qube Research & Technologies Ltd now owns 45,554 shares of the exchange traded fund’s stock valued at $498,000 after acquiring an additional 45,499 shares in the last quarter. Finally, Belvedere Trading LLC purchased a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter valued at $703,000.

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.