Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Up 5.7% – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares rose 5.7% on Wednesday . The company traded as high as $98.09 and last traded at $98.01. Approximately 589,643 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 1,375,874 shares. The stock had previously closed at $92.76.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The company’s 50-day moving average price is $94.74 and its 200-day moving average price is $81.24. The firm has a market capitalization of $956.19 million, a PE ratio of 105.26 and a beta of 3.98.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

A number of institutional investors have recently bought and sold shares of DPST. Viewpoint Capital Management LLC raised its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 7.3% during the 2nd quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock worth $155,000 after acquiring an additional 150 shares in the last quarter. Quantbot Technologies LP increased its position in shares of 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 purchasing an additional 873 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings 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 last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at about $3,006,000. Finally, Jane Street Group LLC grew its stake in Direxion Daily Regional Banks Bull 3x Shares by 172.1% during the 1st quarter. Jane Street Group LLC now owns 57,574 shares of the company’s stock worth $4,582,000 after buying an additional 36,417 shares during the last quarter.

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.