Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) Short Interest Up 68.0% in August

Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSEARCA:JDST) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 248,231 shares, an increase of 68.0% from the July 30th total of 147,788 shares. Based on an average trading volume of 594,757 shares, the short-interest ratio is currently 0.4 days. Approximately 33.1% of the company’s stock are sold short.

Direxion Daily Junior Gold Miners Index Bear 2X Shares Trading Up 9.0%

Shares of JDST opened at $23.24 on Wednesday. The business’s fifty day simple moving average is $34.26 and its two-hundred day simple moving average is $33.87. Direxion Daily Junior Gold Miners Index Bear 2X Shares has a 12 month low of $18.94 and a 12 month high of $136.40.

Institutional Investors Weigh In On Direxion Daily Junior Gold Miners Index Bear 2X Shares

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

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.