Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Down – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $113.70, but opened at $111.28. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $111.84, with a volume of 101,201 shares changing hands.

Direxion Daily Regional Banks Bull 3x Shares Stock Down 0.5 %

The stock has a market cap of $1.12 billion, a P/E ratio of 105.26 and a beta of 3.98. The stock has a fifty day simple moving average of $132.14 and a 200-day simple moving average of $104.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Orion Portfolio Solutions LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth $349,000. Safe Harbor Fiduciary LLC bought 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 acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth about $252,000. Toth Financial Advisory Corp lifted its holdings 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 valued at $900,000 after purchasing an additional 1,801 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at approximately $2,285,000.

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.