Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading Down 8.3% – What’s Next?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price were down 8.3% during trading on Friday . The company traded as low as $83.05 and last traded at $82.73. Approximately 247,802 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 1,084,096 shares. The stock had previously closed at $90.24.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The company has a 50-day moving average of $110.62 and a two-hundred day moving average of $115.56. The company has a market capitalization of $573.76 million, a PE ratio of 11.58 and a beta of 2.95.

Direxion Daily Regional Banks Bull 3x Shares Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be issued a $0.4801 dividend. The ex-dividend date of this dividend is Tuesday, March 25th.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hollencrest Capital Management bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter worth approximately $28,000. Orion Portfolio Solutions LLC increased its position in Direxion Daily Regional Banks Bull 3x Shares by 8.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 3,801 shares of the company’s stock worth $418,000 after purchasing an additional 294 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the third quarter worth $48,000. Anchor Investment Management LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at $55,000. Finally, Lindbrook Capital LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at $77,000.

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.