Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Shares Cross Above 50-Day Moving Average – Time to Sell?

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $39.26 and traded as high as $43.91. Direxion Daily Junior Gold Miners Index Bear 2X Shares shares last traded at $42.67, with a volume of 489,648 shares trading hands.

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

The business’s 50 day moving average is $39.26 and its two-hundred day moving average is $35.61.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. StoneX Group Inc. boosted its position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares by 45.6% during the 4th quarter. StoneX Group Inc. now owns 36,517 shares of the company’s stock valued at $96,000 after purchasing an additional 11,442 shares in the last quarter. Walleye Capital LLC acquired a new position in Direxion Daily Junior Gold Miners Index Bear 2X Shares in the second quarter valued at approximately $193,000. XTX Topco Ltd bought a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 4th quarter worth approximately $222,000. Simplex Trading LLC bought a new position in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 4th quarter worth approximately $369,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Direxion Daily Junior Gold Miners Index Bear 2X Shares during the 3rd quarter worth approximately $499,000.

About Direxion Daily Junior Gold Miners Index Bear 2X Shares

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.