Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Stock Price Down 4.6% – Time to Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s stock price dropped 4.6% during trading on Tuesday . The stock traded as low as $60.05 and last traded at $60.09. Approximately 258,710 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 641,958 shares. The stock had previously closed at $63.00.

Direxion Daily Gold Miners Index Bear 2x Shares Price Performance

The firm’s fifty day simple moving average is $61.73 and its 200 day simple moving average is $386.24.

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

An institutional investor recently bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares stock. Squarepoint Ops LLC purchased a new position in shares of Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,657 shares of the exchange traded fund’s stock, valued at approximately $226,000. Squarepoint Ops LLC owned about 0.14% of Direxion Daily Gold Miners Index Bear 2x Shares as of its most recent SEC filing.

Direxion Daily Gold Miners Index Bear 2x Shares 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.