Direxion Daily Gold Miners Index Bear 2X ETF
DUST
25 hedge funds and large institutions have $32.7M invested in Direxion Daily Gold Miners Index Bear 2X ETF in 2025 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 4 closing their positions.
250% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 4
88% more capital invested
Capital invested by funds: $17.3M → $32.7M (+$15.3M)
67% more funds holding
Funds holding: 15 → 25 (+10)
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
3% less call options, than puts
Call options by funds: $6.26M | Put options by funds: $6.47M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
+$7.71M |
| 2 |
Jane Street
New York
|
+$7.58M |
| 3 |
VF
Virtu Financial
New York
|
+$5.92M |
| 4 |
JF
Jump Financial
Chicago,
Illinois
|
+$5.81M |
| 5 |
RA
Raffles Associates
New York
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LG
Lane Generational
Dover,
Massachusetts
|
-$3.85M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$2.43M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$513K |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$498K |
| 5 |
HT
Headlands Technologies
Chicago,
Illinois
|
-$340K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| $20 | – | – | – |
|
|
LG
27
Lane Generational
Dover,
Massachusetts
| – | -$3.85M | -35,215 | Closed |
|
|
28
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$498K | -4,555 | Closed |
|
|
IAN
29
Integrated Advisors Network
Dallas,
Texas
| – | -$273K | -2,500 | Closed |
|
30
Simplex Trading
Chicago,
Illinois
| – | -$173K | -1,592 | Closed |
|
DUST Hedge Fund Activity: Q4 2025 in Review
25 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bear 2X ETF (DUST) for Q4 2025, worth a combined $32.7M — up 88% from $17.3M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new DUST positions and 4 closed out — a net gain of 10 holders — while 6 added to existing stakes and 5 trimmed.
The largest buyer was BNP Paribas Financial Markets, opening a new position worth an estimated $7.71M. The largest seller was Lane Generational, exiting entirely with an estimated $3.85M sold.
- 25 institutional investors held Direxion Daily Gold Miners Index Bear 2X ETF (DUST) as of Q4 2025, up from 15 in Q3 2025.
- Funds reported $32.7M of Direxion Daily Gold Miners Index Bear 2X ETF stock for Q4 2025, up 88% quarter-over-quarter.
- 14 funds opened new Direxion Daily Gold Miners Index Bear 2X ETF positions in Q4 2025 and 4 closed out, a net change of +10 holders.
- The largest Direxion Daily Gold Miners Index Bear 2X ETF buyer in Q4 2025 was BNP Paribas Financial Markets, an estimated $7.71M added.
- The largest Direxion Daily Gold Miners Index Bear 2X ETF seller in Q4 2025 was Lane Generational, an estimated $3.85M sold.
Based on aggregated 13F filings for Q4 2025.