Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Down 4.6%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) dropped 4.6% during mid-day trading on Wednesday . The stock traded as low as $97.50 and last traded at $97.78. Approximately 699,982 shares changed hands during trading, a decline of 50% from the average daily volume of 1,386,460 shares. The stock had previously closed at $102.53.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The business’s fifty day simple moving average is $92.16 and its 200 day simple moving average is $77.27. The firm has a market capitalization of $899.64 million, a price-to-earnings ratio of 105.26 and a beta of 3.98.

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

Large investors have recently modified their holdings of the company. Elevatus Welath Management bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at about $7,493,000. Toth Financial Advisory Corp grew its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 2.1% during the 1st quarter. Toth Financial Advisory Corp now owns 23,917 shares of the company’s stock valued at $1,903,000 after purchasing an additional 499 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth $3,006,000. Jane Street Group LLC boosted its stake in Direxion Daily Regional Banks Bull 3x Shares by 172.1% during the first quarter. Jane Street Group LLC now owns 57,574 shares of the company’s stock valued at $4,582,000 after buying an additional 36,417 shares during the period. Finally, Quantbot Technologies LP increased its stake in Direxion Daily Regional Banks Bull 3x Shares by 27.9% in the 1st quarter. Quantbot Technologies LP now owns 4,000 shares of the company’s stock worth $318,000 after acquiring an additional 873 shares during the last quarter.

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.