Investors Buy High Volume of Call Options on Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) saw unusually large options trading activity on Wednesday. Stock investors bought 13,272 call options on the stock. This is an increase of approximately 216% compared to the average daily volume of 4,195 call options.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Up 12.6%

DUST opened at $58.28 on Thursday. Direxion Daily Gold Miners Index Bear 2x Shares has a 52-week low of $34.60 and a 52-week high of $457.50. The firm’s fifty day simple moving average is $48.68 and its two-hundred day simple moving average is $84.33.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Group One Trading LLC lifted its stake in Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% in the 2nd 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 in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 71.4% during the second 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 last quarter. Bank of America Corp DE acquired a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at approximately $126,000. Walleye Capital LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter valued at approximately $235,000. Finally, Romano Brothers AND Company purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at approximately $112,000.

Direxion Daily Gold Miners Index Bear 2x Shares Company Profile

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.