Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Down 5.4%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPSTGet Free Report) were down 5.4% on Thursday . The stock traded as low as $59.25 and last traded at $59.76. Approximately 1,070,940 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 1,314,873 shares. The stock had previously closed at $63.15.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The firm has a market cap of $600.16 million, a price-to-earnings ratio of 105.26 and a beta of 3.98. The firm has a fifty day simple moving average of $69.17 and a two-hundred day simple moving average of $76.26.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Elevatus Welath Management acquired a new position in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $7,493,000. Anchor Investment Management LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $49,000. Tower Research Capital LLC TRC increased its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 1,650.0% in the third quarter. Tower Research Capital LLC TRC now owns 6,755 shares of the company’s stock valued at $366,000 after buying an additional 6,369 shares in the last quarter. Glass Jacobson Investment Advisors llc purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $40,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $28,000.

Direxion Daily Regional Banks Bull 3x Shares Company Profile

(Get Free Report)

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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