Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Sees Unusually-High Trading Volume

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) saw unusually-high trading volume on Friday . Approximately 1,160,790 shares were traded during trading, a decline of 11% from the previous session’s volume of 1,307,174 shares.The stock last traded at $69.90 and had previously closed at $64.24.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 9.3 %

The firm has a market cap of $696.68 million, a P/E ratio of 105.26 and a beta of 3.98. The business’s 50 day moving average is $68.35 and its two-hundred day moving average is $75.57.

Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3x Shares

A number of large investors have recently bought and sold shares of DPST. Elevatus Welath Management acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth $7,493,000. Jane Street Group LLC grew its holdings in Direxion Daily Regional Banks Bull 3x Shares by 172.1% in the first quarter. Jane Street Group LLC now owns 57,574 shares of the company’s stock worth $4,582,000 after purchasing an additional 36,417 shares during the period. Virtu Financial LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth $3,006,000. Tower Research Capital LLC TRC grew its holdings in Direxion Daily Regional Banks Bull 3x Shares by 1,650.0% in the third quarter. Tower Research Capital LLC TRC now owns 6,755 shares of the company’s stock worth $366,000 after purchasing an additional 6,369 shares during the period. Finally, Simplex Trading LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the first quarter worth $263,000.

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.