25-Apr-2024
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The Daily Gold Miners Bear 2x Shares seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the performance of the NYSE Arca Gold Miners Index. Potentially hedge exposure to equity and fixed income market risk.
Direxion Daily Gold Miners Bear 2X trades on the ARCA stock market under the symbol DUST.
As of April 25, 2024, DUST stock price declined to $7.82 with 17,240,771 million shares trading.
DUST has a beta of -1.22, meaning it tends to be less sensitive to market movements. DUST has a correlation of 0.05 to the broad based SPY ETF.
DUST has a market cap of $145.14 million. This is considered a Micro Cap stock.
In the last 3 years, DUST stock traded as high as $31.39 and as low as $7.25.
DUST has underperformed the market in the last year with a price return of -16.0% while the SPY ETF gained +23.6%. DUST has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -37.3% and -4.8%, respectively, while the SPY returned +4.1% and -2.1%, respectively.
DUST support price is $8.04 and resistance is $8.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DUST stock will trade within this expected range on the day.