Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Up 5.1% – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) traded up 5.1% during trading on Tuesday . The company traded as high as $128.36 and last traded at $129.58. 202,922 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 812,836 shares. The stock had previously closed at $123.24.

Direxion Daily Regional Banks Bull 3x Shares Trading Up 2.8 %

The firm has a market capitalization of $1.26 billion, a P/E ratio of 105.26 and a beta of 3.98. The company has a 50 day simple moving average of $129.79 and a two-hundred day simple moving average of $110.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DPST. Safe Harbor Fiduciary LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at about $48,000. Toth Financial Advisory Corp lifted its position 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 valued at $900,000 after buying an additional 1,801 shares in the last quarter. Verus Capital Partners LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at $252,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter worth $349,000.

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.