Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST – Get Free Report) shares gapped down before the market opened 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 stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 105.26 and a beta of 3.98. The stock’s 50 day simple moving average is $126.20 and its 200-day simple moving average is $113.44.
Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at approximately $48,000. Verus Capital Partners LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at $252,000. Orion Portfolio Solutions LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at $349,000. KG&L Capital Management LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at $936,000. Finally, Toth Financial Advisory Corp increased 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 buying an additional 1,801 shares during the period.
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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