Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading Down 3.1%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares traded down 3.1% during trading on Wednesday . The company traded as low as $97.85 and last traded at $98.21. 351,304 shares were traded during trading, a decline of 75% from the average session volume of 1,377,833 shares. The stock had previously closed at $101.31.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The company has a market capitalization of $986.94 million, a price-to-earnings ratio of 105.26 and a beta of 3.98. The business has a fifty day moving average price of $96.12 and a 200 day moving average price of $78.66.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Elevatus Welath Management acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at $7,493,000. Jane Street Group LLC boosted its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 172.1% in the 1st quarter. Jane Street Group LLC now owns 57,574 shares of the company’s stock valued at $4,582,000 after purchasing an additional 36,417 shares during the period. Virtu Financial LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at $2,285,000. Toth Financial Advisory Corp boosted its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 2.1% in the 1st 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 period. Finally, Quantbot Technologies LP boosted its position 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 valued at $318,000 after purchasing an additional 873 shares during the period.

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.