Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Short Interest Update

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 6,349,148 shares, a growth of 48.9% from the February 12th total of 4,264,156 shares. Currently, 437.9% of the company’s shares are sold short. Based on an average daily volume of 34,924,516 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 34,924,516 shares, the short-interest ratio is currently 0.2 days. Currently, 437.9% of the company’s shares are sold short.

Hedge Funds Weigh In On Direxion Daily Junior Gold Miners Index Bear 2X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Traynor Capital Management Inc. acquired a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 3rd quarter worth about $43,000. StoneX Group Inc. lifted its stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares by 45.6% in the 4th quarter. StoneX Group Inc. now owns 36,517 shares of the company’s stock valued at $96,000 after purchasing an additional 11,442 shares during the period. Walleye Capital LLC acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 2nd quarter valued at about $193,000. BNP Paribas Financial Markets boosted its position in shares of 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 valued at $980,000 after purchasing an additional 48,270 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 2nd quarter valued at about $618,000.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Stock Up 11.3%

NYSEARCA:JDST opened at $35.50 on Monday. Direxion Daily Junior Gold Miners Index Bear 2X Shares has a 52 week low of $22.80 and a 52 week high of $422.00. The firm’s fifty day moving average is $34.24 and its 200-day moving average is $65.49.

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.