Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $47.85 and traded as high as $49.07. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $48.66, with a volume of 397,844 shares changing hands.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The firm has a 50 day moving average of $47.85 and a two-hundred day moving average of $68.90.

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

Hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC boosted its stake in 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 valued at $26,000 after purchasing an additional 544 shares during the period. SBI Securities Co. Ltd. boosted its stake in Direxion Daily Gold Miners Index Bear 2x Shares by 135.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,346 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 1,923 shares during the period. Romano Brothers AND Company bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the 4th quarter valued at approximately $112,000. Bank of America Corp DE bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter valued at approximately $126,000. Finally, Walleye Capital LLC bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter valued at approximately $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.