Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST – Get Free Report) were up 6.5% on Tuesday . The stock traded as high as $109.50 and last traded at $109.33. Approximately 384,825 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 732,139 shares. The stock had previously closed at $102.70.
Direxion Daily Regional Banks Bull 3x Shares Price Performance
The business’s 50 day simple moving average is $131.09 and its 200-day simple moving average is $109.24. The stock has a market capitalization of $1.17 billion, a P/E ratio of 105.26 and a beta of 3.98.
Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3x Shares
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Safe Harbor Fiduciary LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at approximately $48,000. Verus Capital Partners LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter worth $252,000. Orion Portfolio Solutions LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth $349,000. Toth Financial Advisory Corp grew its position in Direxion Daily Regional Banks Bull 3x Shares by 24.9% in the third quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock valued at $900,000 after purchasing an additional 1,801 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at $2,285,000.
About Direxion Daily Regional Banks Bull 3x Shares
The Direxion Daily Regional Banks Bull 3X Shares (DPST) is an exchange-traded fund that is based on the S&P Regional Banks Select Industry index. The fund provides 3x leveraged exposure to an equally-weighted index of US regional banking stocks. DPST was launched on Aug 19, 2015 and is managed by Direxion.
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