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

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price traded down 5.5% during trading on Tuesday . The company 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 Stock Down 2.4 %

The firm has a 50 day moving average of $131.83 and a 200-day moving average of $102.57. The company has a market cap of $1.05 billion, a P/E ratio of 105.26 and a beta of 3.98.

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

Hedge funds have recently modified their holdings of the business. Orion Portfolio Solutions LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth $349,000. Safe Harbor Fiduciary LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at about $48,000. Verus Capital Partners LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at about $252,000. Toth Financial Advisory Corp raised its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 24.9% in the 3rd quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock valued at $900,000 after purchasing an additional 1,801 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at approximately $2,285,000.

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.