Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Shares Scheduled to Reverse Split on Thursday, March 5th

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST)’s stock is scheduled to reverse split on Thursday, March 5th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, March 4th.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Stock Performance

Shares of NYSEARCA JDST opened at $1.55 on Tuesday. Direxion Daily Junior Gold Miners Index Bear 2X Shares has a 1-year low of $1.42 and a 1-year high of $24.39. The business has a fifty day moving average price of $2.18 and a 200 day moving average price of $4.20.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Traynor Capital Management Inc. purchased a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the third quarter valued at approximately $43,000. StoneX Group Inc. purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 2nd quarter valued at $173,000. Walleye Capital LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 2nd quarter valued at $193,000. Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 2nd quarter worth $618,000. Finally, BNP Paribas Financial Markets grew its stake 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.

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.