Direxion Daily Gold Miners Index Bear 2X ETF (NYSEARCA:DUST) Stock Passes Below Fifty Day Moving Average – What’s Next?

Direxion Daily Gold Miners Index Bear 2X ETF (NYSEARCA:DUST) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $49.74 and traded as low as $31.59. Direxion Daily Gold Miners Index Bear 2X ETF shares last traded at $32.78, with a volume of 1,320,306 shares changing hands.

Direxion Daily Gold Miners Index Bear 2X ETF Stock Up 6.9%

The company has a 50 day moving average price of $48.62 and a 200-day moving average price of $50.40.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Hamilton Wealth LLC bought a new position in Direxion Daily Gold Miners Index Bear 2X ETF during the 4th quarter valued at $461,000. Virtu Financial LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2X ETF in the 4th quarter valued at about $4,567,000. SBI Securities Co. Ltd. boosted its position in shares of Direxion Daily Gold Miners Index Bear 2X ETF by 150.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 8,378 shares of the exchange traded fund’s stock valued at $62,000 after purchasing an additional 5,032 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Direxion Daily Gold Miners Index Bear 2X ETF in the 4th quarter worth approximately $340,000. Finally, Jump Financial LLC acquired a new stake in Direxion Daily Gold Miners Index Bear 2X ETF during the fourth quarter valued at approximately $4,483,000.

Direxion Daily Gold Miners Index Bear 2X ETF Company Profile

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.