Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Short Interest Up 72.2% in January

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUSTGet Free Report) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 4,441,132 shares, a growth of 72.2% from the January 15th total of 2,578,744 shares. Approximately 13.7% of the company’s stock are short sold. Based on an average daily trading volume, of 120,405,568 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 120,405,568 shares, the days-to-cover ratio is presently 0.0 days. Approximately 13.7% of the company’s stock are short sold.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

NYSEARCA DUST traded down $0.57 during trading hours on Friday, reaching $4.44. 70,629,562 shares of the company were exchanged, compared to its average volume of 81,770,625. Direxion Daily Gold Miners Index Bear 2x Shares has a 1 year low of $4.16 and a 1 year high of $52.14. The business’s 50 day simple moving average is $6.26 and its 200-day simple moving average is $10.90.

Direxion Daily Gold Miners Index Bear 2x Shares shares are set 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.

Institutional Trading of Direxion Daily Gold Miners Index Bear 2x Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter worth about $5,952,000. Jump Financial LLC bought a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the second quarter worth approximately $8,762,000. Lane Generational LLC purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the third quarter valued at approximately $3,849,000. StoneX Group Inc. purchased a new stake in Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at approximately $405,000. Finally, IMC Chicago LLC bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter valued at approximately $397,000.

About Direxion Daily Gold Miners Index Bear 2x Shares

(Get Free Report)

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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