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

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 18, 2024, DUST stock price declined to $8.18 with 9,890,423 million shares trading.

DUST has a beta of -1.40, meaning it tends to be less sensitive to market movements. DUST has a correlation of 0.07 to the broad based SPY ETF.

DUST has a market cap of $145.28 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 return of -9.2%, while the SPY ETF gained +22.3%. In the last 3 month period, DUST fell short of the market, returning -35.4%, while SPY returned +6.1%. However, in the most recent 2 weeks DUST has outperformed the stock market by returning -3.5%, while SPY returned -3.8%.

DUST support price is $7.88 and resistance is $8.66 (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.