Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares to Reverse Split on Thursday, March 5th

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s stock is scheduled to reverse split before the market opens on Thursday, March 5th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, March 4th.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Down 11.4%

Shares of NYSEARCA DUST opened at $4.44 on Tuesday. Direxion Daily Gold Miners Index Bear 2x Shares has a twelve month low of $4.16 and a twelve month high of $52.14. The stock has a 50 day moving average of $6.17 and a two-hundred day moving average of $10.66.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Group One Trading LLC raised its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% in the second quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 544 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Direxion Daily Gold Miners Index Bear 2x Shares by 71.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,423 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 593 shares during the period. Romano Brothers AND Company purchased 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 purchased 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 acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth 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.