Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Up – What’s Next?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $108.20, but opened at $113.95. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $114.43, with a volume of 532,655 shares changing hands.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The stock has a 50 day simple moving average of $131.83 and a two-hundred day simple moving average of $102.57. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 105.26 and a beta of 3.98.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Safe Harbor Fiduciary LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter worth about $48,000. Viewpoint Capital Management LLC grew its holdings in Direxion Daily Regional Banks Bull 3x Shares by 7.3% during the 2nd quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock valued at $155,000 after buying an additional 150 shares during the last quarter. Verus Capital Partners LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth $252,000. Orion Portfolio Solutions LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at about $349,000. Finally, Toth Financial Advisory Corp boosted its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 24.9% during the 3rd quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock worth $900,000 after purchasing an additional 1,801 shares during the last quarter.

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.