Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Down – Time to Sell?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $91.10, but opened at $86.05. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $85.47, with a volume of 177,688 shares changing hands.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 10.3 %

The company has a 50-day moving average price of $116.97 and a 200 day moving average price of $117.18. The stock has a market capitalization of $512.63 million, a P/E ratio of 12.97 and a beta of 2.95.

Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3x Shares

Several large investors have recently modified their holdings of DPST. Boothbay Fund Management LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter worth about $5,921,000. Jump Financial LLC raised its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 18.2% during the 4th quarter. Jump Financial LLC now owns 34,042 shares of the company’s stock worth $3,740,000 after buying an additional 5,253 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth approximately $3,731,000. Toth Financial Advisory Corp lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 40.6% in the 4th quarter. Toth Financial Advisory Corp now owns 12,723 shares of the company’s stock valued at $1,398,000 after buying an additional 3,676 shares during the period. Finally, DRW Securities LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $967,000.

Direxion Daily Regional Banks Bull 3x Shares Company Profile

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.