Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Cross Below 200-Day Moving Average – Here’s Why

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $71.91 and traded as low as $40.17. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $41.97, with a volume of 897,354 shares traded.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Down 5.6%

The firm has a fifty day moving average price of $47.70 and a 200 day moving average price of $71.91.

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

Several hedge funds have recently made changes to their positions in DUST. Virtu Financial LLC bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth about $4,567,000. Hamilton Wealth LLC bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter worth approximately $461,000. XTX Topco Ltd bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at approximately $340,000. Jump Financial LLC bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter worth about $4,483,000. Finally, Raffles Associates LP bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter valued at $1,488,000.

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.