Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST – Free Report)’s stock is set to reverse split before the market opens on Monday, November 4th. The 1-10 reverse split was announced on Friday, October 11th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 31st.
Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance
Shares of DUST stock opened at $4.89 on Thursday. Direxion Daily Gold Miners Index Bear 2x Shares has a 1 year low of $4.31 and a 1 year high of $14.60. The stock’s 50 day simple moving average is $5.39 and its two-hundred day simple moving average is $6.55.
Institutional Investors Weigh In On Direxion Daily Gold Miners Index Bear 2x Shares
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC raised its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 171.5% in the first quarter. Headlands Technologies LLC now owns 12,857 shares of the exchange traded fund’s stock worth $120,000 after buying an additional 8,121 shares during the period. CPR Investments Inc. acquired a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the 2nd quarter worth $170,000. Squarepoint Ops LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the 2nd quarter worth about $226,000. Finally, Virtu Financial LLC lifted its position in Direxion Daily Gold Miners Index Bear 2x Shares by 75.0% during the 2nd quarter. Virtu Financial LLC now owns 212,532 shares of the exchange traded fund’s stock worth $1,619,000 after acquiring an additional 91,116 shares during the period.
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.
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