Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Up 5.1% – Here’s What Happened

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares rose 5.1% during trading on Tuesday . The company traded as high as $114.69 and last traded at $114.26. Approximately 463,147 shares were traded during trading, a decline of 66% from the average daily volume of 1,369,402 shares. The stock had previously closed at $108.69.

Direxion Daily Regional Banks Bull 3x Shares Trading Up 2.2 %

The stock has a market cap of $1.19 billion, a P/E ratio of 105.26 and a beta of 3.98. The stock’s 50-day moving average is $96.61 and its 200-day moving average is $82.45.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Viewpoint Capital Management LLC lifted its holdings in Direxion Daily Regional Banks Bull 3x Shares by 7.3% in the 2nd quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock valued at $155,000 after acquiring an additional 150 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of 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 purchasing an additional 873 shares in the last quarter. Toth Financial Advisory Corp lifted its stake in Direxion Daily Regional Banks Bull 3x Shares by 2.1% during the first 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 during the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares in the second quarter worth approximately $2,285,000. Finally, Jane Street Group LLC increased its holdings in shares of 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 valued at $4,582,000 after buying an additional 36,417 shares in 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.