Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Down 3.7%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price were down 3.7% during mid-day trading on Tuesday . The stock traded as low as $97.91 and last traded at $98.13. Approximately 434,028 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 1,389,343 shares. The stock had previously closed at $101.92.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 3.9 %

The stock has a 50 day simple moving average of $97.98 and a 200-day simple moving average of $79.53. The firm has a market capitalization of $971.47 million, a P/E ratio of 105.26 and a beta of 3.98.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DPST. Viewpoint Capital Management LLC increased 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 purchasing an additional 150 shares during the last quarter. Toth Financial Advisory Corp increased its position in Direxion Daily Regional Banks Bull 3x Shares by 2.1% in the first quarter. Toth Financial Advisory Corp now owns 23,917 shares of the company’s stock worth $1,903,000 after purchasing an additional 499 shares during the last quarter. Quantbot Technologies LP raised its stake in Direxion Daily Regional Banks Bull 3x Shares by 27.9% during the first quarter. Quantbot Technologies LP now owns 4,000 shares of the company’s stock valued at $318,000 after purchasing an additional 873 shares in the last quarter. Simplex Trading LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the first quarter valued at $263,000. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter worth $3,006,000.

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.