Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading Down 3.8% – What’s Next?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price traded down 3.8% during mid-day trading on Wednesday . The company traded as low as $123.03 and last traded at $122.71. 240,764 shares traded hands during trading, a decline of 70% from the average session volume of 809,827 shares. The stock had previously closed at $127.52.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The firm’s fifty day simple moving average is $129.34 and its 200 day simple moving average is $111.06. The stock has a market capitalization of $1.22 billion, a P/E ratio of 105.26 and a beta of 3.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth about $48,000. Toth Financial Advisory Corp increased its position in Direxion Daily Regional Banks Bull 3x Shares by 24.9% in the 3rd quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock valued at $900,000 after acquiring an additional 1,801 shares during the period. Verus Capital Partners LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at $252,000. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter worth $349,000.

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.