Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Sees Large Volume Increase

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares saw strong trading volume on Friday . 1,160,790 shares changed hands during trading, a decline of 11% from the previous session’s volume of 1,307,174 shares.The stock last traded at $69.90 and had previously closed at $64.24.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The business has a 50-day simple moving average of $68.35 and a two-hundred day simple moving average of $75.57. The company has a market capitalization of $696.68 million, a price-to-earnings ratio of 105.26 and a beta of 3.98.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Several hedge funds have recently modified their holdings of the business. Elevatus Welath Management purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at approximately $7,493,000. Jane Street Group LLC increased its stake in 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 in the last quarter. Virtu Financial LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at approximately $3,006,000. Toth Financial Advisory Corp increased its stake in 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 in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 1,650.0% in the third quarter. Tower Research Capital LLC TRC now owns 6,755 shares of the company’s stock valued at $366,000 after purchasing an additional 6,369 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.