X Square Capital LLC Takes Position in Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)

X Square Capital LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,600 shares of the company’s stock, valued at approximately $505,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Hollencrest Capital Management bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at $28,000. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at approximately $48,000. Lindbrook Capital LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth $77,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at approximately $349,000. Finally, Toth Financial Advisory Corp increased its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 40.6% during the fourth quarter. Toth Financial Advisory Corp now owns 12,723 shares of the company’s stock worth $1,398,000 after buying an additional 3,676 shares in the last quarter.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

NYSEARCA:DPST opened at $90.24 on Friday. Direxion Daily Regional Banks Bull 3x Shares has a one year low of $56.46 and a one year high of $174.22. The company has a market cap of $610.92 million, a PE ratio of 11.58 and a beta of 2.95. The firm’s 50 day simple moving average is $110.62 and its 200 day simple moving average is $115.56.

Direxion Daily Regional Banks Bull 3x Shares Cuts Dividend

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

Direxion Daily Regional Banks Bull 3x Shares 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.