Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading Down 5.5% – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price fell 5.5% during mid-day trading on Tuesday . The stock traded as low as $129.24 and last traded at $130.20. 468,277 shares traded hands during trading, a decline of 63% from the average session volume of 1,280,031 shares. The stock had previously closed at $137.81.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The firm has a market cap of $1.27 billion, a P/E ratio of 105.26 and a beta of 3.98. The company’s 50 day moving average is $130.88 and its two-hundred day moving average is $102.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at approximately $2,285,000. 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 acquiring an additional 1,801 shares during the period. Orion Portfolio Solutions LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth $349,000. Verus Capital Partners LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at $252,000. Finally, Viewpoint Capital Management LLC lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 7.3% during the second quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock valued at $155,000 after acquiring an additional 150 shares during the period.

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.