Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Down 7.8%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price dropped 7.8% during trading on Tuesday . The company traded as low as $91.45 and last traded at $91.71. Approximately 304,389 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 1,381,751 shares. The stock had previously closed at $99.49.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The company has a market capitalization of $901.63 million, a price-to-earnings ratio of 105.26 and a beta of 3.98. The business’s 50 day moving average is $97.29 and its 200 day moving average is $80.36.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Viewpoint Capital Management LLC boosted its position in Direxion Daily Regional Banks Bull 3x Shares by 7.3% in the 2nd quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock worth $155,000 after purchasing an additional 150 shares in the last quarter. Simplex Trading LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares during the first quarter worth $263,000. Quantbot Technologies LP boosted its holdings 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 worth $318,000 after buying an additional 873 shares in the last quarter. Toth Financial Advisory Corp grew its position in Direxion Daily Regional Banks Bull 3x Shares by 2.1% during the first quarter. Toth Financial Advisory Corp now owns 23,917 shares of the company’s stock valued at $1,903,000 after buying an additional 499 shares during the period. Finally, Virtu Financial LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the second quarter valued at $2,285,000.

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.