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

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) was the recipient of unusually large options trading activity on Friday. Stock investors acquired 4,979 call options on the company. This represents an increase of approximately 107% compared to the average daily volume of 2,411 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Qube Research & Technologies Ltd acquired a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 3rd quarter worth $499,000. Traynor Capital Management Inc. acquired a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the third quarter worth about $43,000. Two Sigma Securities LLC purchased a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the second quarter valued at about $618,000. BNP Paribas Financial Markets lifted 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 acquiring an additional 48,270 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 2nd quarter worth approximately $2,321,000.

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

Shares of NYSEARCA:JDST traded up $0.30 on Friday, reaching $1.89. The company’s stock had a trading volume of 28,727,362 shares, compared to its average volume of 50,731,094. Direxion Daily Junior Gold Miners Index Bear 2X Shares has a 52-week low of $1.42 and a 52-week high of $24.39. The stock’s 50-day moving average is $2.58 and its two-hundred day moving average is $4.96.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Company Profile

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.