Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST – Get Free Report) shares saw strong trading volume on Tuesday . 604,699 shares traded hands during mid-day trading, a decline of 7% from the previous session’s volume of 650,824 shares.The stock last traded at $94.36 and had previously closed at $109.26.
Direxion Daily Regional Banks Bull 3x Shares Stock Performance
The company has a market cap of $637.18 million, a price-to-earnings ratio of 12.97 and a beta of 2.95. The business’s 50 day moving average price is $118.51 and its 200-day moving average price is $117.13.
Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3x Shares
Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth about $3,731,000. Orion Portfolio Solutions LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at $349,000. Toth Financial Advisory Corp increased its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 40.6% in the 4th quarter. Toth Financial Advisory Corp now owns 12,723 shares of the company’s stock valued at $1,398,000 after buying an additional 3,676 shares during the period. Verus Capital Partners LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth $252,000. Finally, KG&L Capital Management LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at $936,000.
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.
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