Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Gap Down – Here’s What Happened

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) gapped down before the market opened on Wednesday . The stock had previously closed at $59.48, but opened at $58.22. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $59.51, with a volume of 272,536 shares.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Performance

The business’s 50 day simple moving average is $61.84 and its 200 day simple moving average is $383.97.

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

A hedge fund recently bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares stock. Squarepoint Ops LLC bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 29,657 shares of the exchange traded fund’s stock, valued at approximately $226,000. Squarepoint Ops LLC owned 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.