Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Sets New 12-Month High – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $164.40 and last traded at $164.40, with a volume of 21193 shares. The stock had previously closed at $156.91.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The business’s 50-day simple moving average is $117.03 and its 200-day simple moving average is $94.95. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 105.26 and a beta of 3.98.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Safe Harbor Fiduciary LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at about $48,000. Viewpoint Capital Management LLC lifted its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 7.3% during the second 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 period. Verus Capital Partners LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at approximately $252,000. Orion Portfolio Solutions LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth approximately $349,000. Finally, Toth Financial Advisory Corp raised its holdings in 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 acquiring 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.