Direxion Daily Gold Miners Index Bear 2X ETF
DUST
16 hedge funds and large institutions have $16.9M invested in Direxion Daily Gold Miners Index Bear 2X ETF in 2025 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 1 reducing their positions, and 6 closing their positions.
600% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 1
164% more capital invested
Capital invested by funds: $6.42M → $16.9M (+$10.5M)
57% more call options, than puts
Call options by funds: $13.7M | Put options by funds: $8.77M
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
14% more funds holding
Funds holding: 14 → 16 (+2)
24.41% less ownership
Funds ownership: 24.41% → 0% (-24%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JF
Jump Financial
Chicago,
Illinois
|
+$10.2M |
| 2 |
Jane Street
New York
|
+$2.98M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.5M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$917K |
| 5 |
Belvedere Trading
Chicago,
Illinois
|
+$822K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$1.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$970K |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
-$841K |
| 4 |
TSS
Two Sigma Securities
New York
|
-$524K |
| 5 |
JP Morgan Chase
New York
|
-$46.4K |
DUST Hedge Fund Activity: Q2 2025 in Review
16 of the 7,616 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bear 2X ETF (DUST) for Q2 2025, worth a combined $16.9M — up 164% from $6.42M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new DUST positions and 6 closed out — a net gain of 2 holders — while 7 added to existing stakes and 1 trimmed.
The largest buyer was Jump Financial, opening a new position worth an estimated $10.2M. The largest seller was BNP Paribas Financial Markets, exiting entirely with an estimated $1.8M sold.
- 16 institutional investors held Direxion Daily Gold Miners Index Bear 2X ETF (DUST) as of Q2 2025, up from 14 in Q1 2025.
- Funds reported $16.9M of Direxion Daily Gold Miners Index Bear 2X ETF stock for Q2 2025, up 164% quarter-over-quarter.
- 8 funds opened new Direxion Daily Gold Miners Index Bear 2X ETF positions in Q2 2025 and 6 closed out, a net change of +2 holders.
- The largest Direxion Daily Gold Miners Index Bear 2X ETF buyer in Q2 2025 was Jump Financial, an estimated $10.2M added.
- The largest Direxion Daily Gold Miners Index Bear 2X ETF seller in Q2 2025 was BNP Paribas Financial Markets, an estimated $1.8M sold.
Based on aggregated 13F filings for Q2 2025.