DUST Stock Summary and Trading Ideas (Direxion Daily Gold Miners Index Bear 2X | ARCA:DUST)

The Fund seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the daily performance of the Index. The Index is a modified market capitalization weighted index comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold and, to a lesser extent, in mining for silver. The Index will limit the weight of companies whose revenues are more significantly exposed to silver mining to less than 20% of the Index at each rebalance date. The Index may include small and mid-capitalization companies and foreign issuers.

Direxion Daily Gold Miners Index Bear 2X trades on the ARCA stock market under the symbol DUST.

As of December 13, 2024, DUST stock price climbed to $60.85 with 576,181 million shares trading.

DUST has a beta of -2.13, meaning it tends to be less sensitive to market movements. DUST has a correlation of 0.17 to the broad based SPY ETF.

DUST has a market cap of $96.80 million. This is considered a Micro Cap stock.

In the last 3 years, DUST traded as high as $313.90 and as low as $43.10.

DUST has underperformed the market in the last year with a return of -40.5%, while SPY returned +29.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DUST shares. However, DUST has outperformed the market in the last 3 month and 2 week periods, returning +15.0% and +4.7%, while SPY returned +7.8% and +0.3%, respectively. This indicates DUST has been having a stronger performance recently.

DUST support price is $55.35 and resistance is $59.95 (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 shares will trade within this expected range on the day.