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Direxion Daily Gold Miners Index Bear 2X Shares (DUST)

Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
66.29 USD +3.59 (5.726%) ⇧ (July 13, 2026, 4 p.m. EDT)
After hours: 66.53 +0.24 (0.362%) ⇧ (July 13, 2026, 7:58 p.m. EDT)

Short-term:★☆☆☆☆Long-term:☆☆☆☆☆Dividends:★☆☆☆☆
Hot Take | July 11, 2026, 3:40 a.m. EDT

This instrument is a structural value trap disguised as a high-yield opportunity. The headline 4.36% dividend yield is a mirage; the recent payment history shows massive payouts (e.g., $15.20 in March 2024) that dwarf the current share price, indicating the company is distributing its remaining capital to avoid dilution or because it has no other choice. The underlying business has suffered a 99.65% decline over the last nine years, with three consecutive years of negative returns, confirming a permanent loss of value rather than a temporary setback. While the recent price action shows a slight bounce off the lows, the heavy options flow on the far-dated deep puts reveals that the market is pricing in a total erasure of the investment. Holding this is akin to betting against a ticking clock; the leverage will eventually force the price to zero regardless of gold prices. Avoid completely.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.087250
AutoETS0.094880
MSTL0.101150
AutoARIMA0.147316

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 35%
H-stat 0.67
Ljung-Box p 0.000
Jarque-Bera p 0.704
Excess Kurtosis -0.48

As of July 11, 2026, 3:40 a.m. EDT: Speculators are aggressively positioning for a catastrophic collapse, evidenced by massive open interest and volume in deep out-of-the-money puts (strikes 1.0, 2.0, 3.0) expiring in late 2027 and 2028. This 'naked put' strategy suggests a belief that the asset will trade near zero, likely due to the compounding decay of the leveraged inverse structure. Conversely, there is minimal speculative interest in calls beyond the money, indicating a lack of conviction in any recovery scenario.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.53% 3.59% 4.02% 2.82%
Dividend History
Date Dividend Yield %
2026-06-23 0.319 0.529109
2026-03-24 0.768 1.214229
2025-12-23 0.650 0.958702
2025-09-23 1.030 0.888697
2025-06-24 2.340 0.939382
2025-03-25 5.280 1.408000
2024-12-23 3.720 0.556386
2024-09-24 5.900 1.191919
2024-06-25 9.600 1.248375
2024-03-19 15.200 1.370604
2023-12-21 6.400 0.640000
2023-09-19 13.700 1.111111
2023-06-21 9.800 0.806584
2023-03-21 15.700 1.250996
2020-03-24 72.500 1.141732
2019-12-23 32.500 0.194030
2019-09-24 77.500 0.496000
2019-06-25 50.000 0.177778
2019-03-19 187.500 0.395987
2018-12-27 57.500 0.098333
2018-09-25 77.500 0.083177
2018-03-20 75.000 0.104094
2011-12-13 123562.500 5.095361
Additional Data
dividendYield 4.36

Info Dump

Attribute Value
All Time High 10,406,250.0
All Time Low 5.74
Ask 0.0
Ask Size 500
Average Daily Volume10 Day 613,250
Average Daily Volume3 Month 830,380
Average Volume 830,380
Average Volume10Days 613,250
Beta3 Year -0.92
Bid 0.0
Bid Size 2,000
Category Trading--Inverse Equity
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 67.13
Day Low 64.21
Dividend Yield 4.36
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 55.4862
Fifty Day Average Change 10.8038025
Fifty Day Average Change Percent 0.19471152
Fifty Two Week Change Percent -74.112305
Fifty Two Week High 261.2
Fifty Two Week High Change -194.91
Fifty Two Week High Change Percent -0.7462098
Fifty Two Week Low 34.6
Fifty Two Week Low Change 31.690002
Fifty Two Week Low Change Percent 0.91589606
Fifty Two Week Range 34.6 - 261.2
First Trade Date Milliseconds 1,291,818,600,000
Five Year Average Return -0.4726978
Full Exchange Name NYSEArca
Fund Family Direxion Funds
Fund Inception Date 1,291,766,400
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The index is comprised of publicly traded common stocks, ADRs or GDRs of companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold. The fund invests at least 80% of its net assets in swap agreements, futures contracts, or short positions, that, in combination, provide 2X daily inverse or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. It is non-diversified.
Long Name Direxion Daily Gold Miners Index Bear 2X Shares
Market us_market
Market State PREPRE
Max Age 86,400
Message Board Id finmb_116840433
Nav Price 62.711
Net Assets 83,556,712.0
Net Expense Ratio 0.94
Open 64.9
Phone 866-476-7523
Post Market Change 0.23999786
Post Market Change Percent 0.36204234
Post Market Price 66.53
Post Market Time 1,783,987,098
Previous Close 62.7
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 3.59
Regular Market Change Percent 5.72568
Regular Market Day High 67.13
Regular Market Day Low 64.21
Regular Market Day Range 64.21 - 67.13
Regular Market Open 64.9
Regular Market Previous Close 62.7
Regular Market Price 66.29
Regular Market Time 1,783,972,800
Regular Market Volume 676,995
Shares Outstanding 13,418,700
Short Name Direxion Daily Gold Miners Inde
Source Interval 15
Symbol DUST
Three Year Average Return -0.5855925
Total Assets 83,556,712
Tradeable 0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 25.70204
Trailing Three Month Returns 25.70204
Triggerable 1
Two Hundred Day Average 68.35175
Two Hundred Day Average Change -2.0617523
Two Hundred Day Average Change Percent -0.030163854
Type Disp ETF
Volume 676,995
Yield 0.0436
Ytd Return -13.23643