Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Shares Down 5.7% – Time to Sell?

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST)’s stock price traded down 5.7% during mid-day trading on Tuesday . The company traded as low as $54.58 and last traded at $54.89. 526,216 shares traded hands during trading, a decline of 23% from the average session volume of 684,697 shares. The stock had previously closed at $58.20.

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

The company has a fifty day simple moving average of $61.50 and a 200 day simple moving average of $362.97.

Institutional Trading of 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 purchased 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 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

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.