Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Down 3.9% – Here’s What Happened

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price traded down 3.9% on Friday . The stock traded as low as $105.11 and last traded at $105.71. 563,897 shares changed hands during trading, a decline of 58% from the average session volume of 1,355,300 shares. The stock had previously closed at $109.98.

Direxion Daily Regional Banks Bull 3x Shares Stock Down 5.2 %

The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 105.26 and a beta of 3.98. The firm has a 50-day moving average of $100.11 and a two-hundred day moving average of $84.32.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Viewpoint Capital Management LLC raised its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 7.3% during the 2nd quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock worth $155,000 after purchasing an additional 150 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 27.9% during 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 raised its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 24.9% during the 3rd quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock worth $900,000 after purchasing an additional 1,801 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter worth about $2,285,000. Finally, Jane Street Group LLC raised its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 172.1% during the 1st 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 in the last quarter.

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.