Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Sees Large Volume Increase – Here’s What Happened

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares saw unusually-strong trading volume on Tuesday . Approximately 604,699 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 650,824 shares.The stock last traded at $94.36 and had previously closed at $109.26.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The firm has a market capitalization of $637.18 million, a PE ratio of 12.97 and a beta of 2.95. The firm’s 50 day moving average price is $118.51 and its 200-day moving average price is $117.13.

Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3x Shares

A number of hedge funds have recently bought and sold shares of DPST. Boothbay Fund Management LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $5,921,000. Jump Financial LLC grew its stake in Direxion Daily Regional Banks Bull 3x Shares by 18.2% in the 4th quarter. Jump Financial LLC now owns 34,042 shares of the company’s stock valued at $3,740,000 after acquiring an additional 5,253 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter worth $3,731,000. Toth Financial Advisory Corp raised its position in Direxion Daily Regional Banks Bull 3x Shares by 40.6% during the fourth quarter. Toth Financial Advisory Corp now owns 12,723 shares of the company’s stock worth $1,398,000 after acquiring an additional 3,676 shares during the period. Finally, DRW Securities LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at $967,000.

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.