Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST) Short Interest Up 112.6% in February

by · The Cerbat Gem

Direxion Daily Gold Miners Index Bear 2x Shares (NYSEARCA:DUST – Get Free Report) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 6,329,198 shares, a growth of 112.6% from the February 12th total of 2,977,391 shares. Based on an average daily trading volume, of 79,711,809 shares, the days-to-cover ratio is currently 0.1 days. Currently, 196.0% of the shares of the stock are short sold. Currently, 196.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 79,711,809 shares, the days-to-cover ratio is currently 0.1 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC increased its position in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 104.4% during the 2nd quarter. Group One Trading LLC now owns 1,065 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 544 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares by 71.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,423 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 593 shares in the last quarter. Romano Brothers AND Company acquired a new stake in shares of Direxion Daily Gold Miners Index Bear 2x Shares in the fourth quarter valued at $112,000. Bank of America Corp DE bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at about $126,000. Finally, Walleye Capital LLC bought a new position in Direxion Daily Gold Miners Index Bear 2x Shares during the second quarter valued at about $235,000.

Direxion Daily Gold Miners Index Bear 2x Shares Trading Up 11.9%

Shares of Direxion Daily Gold Miners Index Bear 2x Shares stock traded up $5.60 on Friday, hitting $52.60. The company had a trading volume of 1,043,440 shares, compared to its average volume of 7,320,469. The business has a 50-day simple moving average of $49.46 and a 200-day simple moving average of $87.38. Direxion Daily Gold Miners Index Bear 2x Shares has a 52 week low of $34.60 and a 52 week high of $457.50.

About Direxion Daily Gold Miners Index Bear 2x Shares

(Get Free Report)

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.

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