Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Up 7.4% – Should You Buy?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPSTGet Free Report) rose 7.4% during trading on Thursday . The stock traded as high as $150.20 and last traded at $149.97. Approximately 388,637 shares traded hands during trading, a decline of 71% from the average daily volume of 1,327,077 shares. The stock had previously closed at $139.61.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 7.4 %

The business’s 50-day simple moving average is $113.32 and its two-hundred day simple moving average is $92.94. The stock has a market cap of $1.56 billion, a P/E ratio of 105.26 and a beta of 3.98.

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

A number of large investors have recently made changes to their positions in the stock. Orion Portfolio Solutions LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth about $349,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter worth about $48,000. Verus Capital Partners LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at approximately $252,000. Toth Financial Advisory Corp grew its stake in Direxion Daily Regional Banks Bull 3x Shares by 24.9% during the third 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 in the last quarter. Finally, Virtu Financial LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter worth approximately $2,285,000.

Direxion Daily Regional Banks Bull 3x Shares Company Profile

(Get Free Report)

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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