Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Stock Pass Above Fifty Day Moving Average – Here’s What Happened

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $43.55 and traded as high as $43.92. Direxion Daily Gold Miners Index Bear 2x Shares shares last traded at $43.19, with a volume of 1,120,347 shares.

Direxion Daily Gold Miners Index Bear 2x Shares Stock Up 0.0 %

The firm’s 50 day simple moving average is $43.55 and its two-hundred day simple moving average is $144.77.

Direxion Daily Gold Miners Index Bear 2x Shares Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.5282 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Trading of Direxion Daily Gold Miners Index Bear 2x Shares

Several large investors have recently modified their holdings of the stock. Virtu Financial LLC lifted its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 163.9% during the 3rd quarter. Virtu Financial LLC now owns 560,878 shares of the exchange traded fund’s stock worth $2,995,000 after acquiring an additional 348,346 shares during the period. BNP Paribas Financial Markets bought a new stake in Direxion Daily Gold Miners Index Bear 2x Shares during the fourth quarter worth $3,438,000. Spire Wealth Management acquired a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the 4th quarter valued at $254,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 131.9% in the 4th quarter. JPMorgan Chase & Co. now owns 443 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 252 shares in the last quarter.

About Direxion Daily Gold Miners Index Bear 2x Shares

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.