Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Up to $98.63

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $98.63, but opened at $101.48. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $101.18, with a volume of 187,699 shares trading hands.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 1.4 %

The company has a market capitalization of $1.02 billion, a PE ratio of 105.26 and a beta of 3.98. The business has a 50 day simple moving average of $96.72 and a 200 day simple moving average of $78.83.

Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3x Shares

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Viewpoint Capital Management LLC raised its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 7.3% in the second quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock worth $155,000 after buying an additional 150 shares during the last quarter. Simplex Trading LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 1st quarter valued at $263,000. Quantbot Technologies LP raised its stake in 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 worth $318,000 after acquiring an additional 873 shares during the last quarter. Toth Financial Advisory Corp lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 2.1% during the 1st quarter. Toth Financial Advisory Corp now owns 23,917 shares of the company’s stock worth $1,903,000 after acquiring an additional 499 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter valued at about $3,006,000.

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.