Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $128.73, but opened at $118.27. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $119.49, with a volume of 250,414 shares trading hands.
Direxion Daily Regional Banks Bull 3x Shares Price Performance
The firm’s 50-day simple moving average is $125.33 and its 200 day simple moving average is $113.58. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 105.26 and a beta of 3.98.
Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares
Several institutional investors and hedge funds have recently modified their holdings of the business. Orion Portfolio Solutions LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth about $349,000. Toth Financial Advisory Corp increased its position in Direxion Daily Regional Banks Bull 3x Shares by 40.6% during the 4th quarter. Toth Financial Advisory Corp now owns 12,723 shares of the company’s stock worth $1,398,000 after purchasing an additional 3,676 shares in the last quarter. Verus Capital Partners LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at approximately $252,000. KG&L Capital Management LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter worth $936,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at about $48,000.
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.
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