Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Shares Gap Up – Here’s What Happened

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) shares gapped up before the market opened on Friday . The stock had previously closed at $29.58, but opened at $30.98. Direxion Daily Junior Gold Miners Index Bear 2X Shares shares last traded at $30.7710, with a volume of 157,584 shares changing hands.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Stock Up 0.3%

The company has a fifty day simple moving average of $36.71 and a two-hundred day simple moving average of $71.98.

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

Several institutional investors and hedge funds have recently bought and sold shares of JDST. Virtu Financial LLC raised its stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares by 112.2% during the fourth quarter. Virtu Financial LLC now owns 466,836 shares of the company’s stock worth $1,228,000 after purchasing an additional 246,859 shares during the period. Raffles Associates LP purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 4th quarter worth $1,118,000. Group One Trading LLC purchased a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares in the 4th quarter worth $1,080,000. Jump Financial LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the fourth quarter valued at $892,000. Finally, HRT Financial LP purchased a new stake in Direxion Daily Junior Gold Miners Index Bear 2X Shares during the fourth quarter valued at about $723,000.

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.