Direxion Daily Gold Miners Index Bear 2X ETF
DUST
16 hedge funds and large institutions have $21M invested in Direxion Daily Gold Miners Index Bear 2X ETF in 2026 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 14 closing their positions.
218% more call options, than puts
Call options by funds: $33.3M | Put options by funds: $10.5M
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
23.35% more ownership
Funds ownership: 0% → 23.35% (+23%)
36% less capital invested
Capital invested by funds: $32.7M → $21M (-$11.7M)
36% less funds holding
Funds holding: 25 → 16 (-9)
57% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$3.01M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$2.12M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.08M |
| 4 |
Renaissance Technologies
New York
|
+$1.25M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
+$643K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$4.57M |
| 2 |
JF
Jump Financial
Chicago,
Illinois
|
-$4.48M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$1.55M |
| 4 |
RA
Raffles Associates
New York
|
-$1.49M |
| 5 |
TSS
Two Sigma Securities
New York
|
-$1.39M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RBC
26
Romano Brothers & Co
Evanston,
Illinois
| – | -$112K | -1,500 | Closed |
|
27
Optiver Holding
Amsterdam,
Netherlands
| – | -$110K | -1,479 | Closed |
|
|
DT
28
DV Trading
Chicago,
Illinois
| – | -$37.2K | -500 | Closed |
|
|
1M
29
1248 Management
Kansas City,
Missouri
| – | -$4.46K | -60 | Closed |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| – | -$1.89K | -25 | Closed |
|
31
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$20 | – | – |
|
DUST Hedge Fund Activity: Q1 2026 in Review
16 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bear 2X ETF (DUST) for Q1 2026, worth a combined $21M — down 36% from $32.7M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of DUST and 6 opened new positions — a net loss of 8 holders — while 3 trimmed existing stakes and 6 added.
The largest buyer was Thomas J. Herzfeld Advisors, opening a new position worth an estimated $3.01M. The largest seller was Virtu Financial, exiting entirely with an estimated $4.57M sold.
- 16 institutional investors held Direxion Daily Gold Miners Index Bear 2X ETF (DUST) as of Q1 2026, down from 25 in Q4 2025.
- Funds reported $21M of Direxion Daily Gold Miners Index Bear 2X ETF stock for Q1 2026, down 36% quarter-over-quarter.
- 6 funds opened new Direxion Daily Gold Miners Index Bear 2X ETF positions in Q1 2026 and 14 closed out, a net change of -8 holders.
- The largest Direxion Daily Gold Miners Index Bear 2X ETF buyer in Q1 2026 was Thomas J. Herzfeld Advisors, an estimated $3.01M added.
- The largest Direxion Daily Gold Miners Index Bear 2X ETF seller in Q1 2026 was Virtu Financial, an estimated $4.57M sold.
Based on aggregated 13F filings for Q1 2026.