X Square Capital LLC Invests $505,000 in Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)

X Square Capital LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,600 shares of the company’s stock, valued at approximately $505,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DPST. Hollencrest Capital Management bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at about $28,000. Safe Harbor Fiduciary LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at about $48,000. Lindbrook Capital LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth about $77,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at approximately $349,000. Finally, Virtu Financial LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter worth $935,000.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

DPST opened at $90.24 on Friday. Direxion Daily Regional Banks Bull 3x Shares has a 52 week low of $56.46 and a 52 week high of $174.22. The firm has a market capitalization of $610.92 million, a PE ratio of 11.58 and a beta of 2.95. The company has a fifty day moving average price of $110.62 and a two-hundred day moving average price of $115.56.

Direxion Daily Regional Banks Bull 3x Shares Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a $0.4801 dividend. The ex-dividend date is Tuesday, March 25th.

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.