Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Up 4.8%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price rose 4.8% during trading on Friday . The stock traded as high as $92.77 and last traded at $92.56. Approximately 180,941 shares traded hands during trading, a decline of 87% from the average daily volume of 1,402,172 shares. The stock had previously closed at $88.30.

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

The stock has a market cap of $910.26 million, a PE ratio of 105.26 and a beta of 3.98. The company’s 50 day moving average is $80.66 and its 200-day moving average is $74.68.

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

Several large investors have recently modified their holdings of the stock. Viewpoint Capital Management LLC boosted its position in 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 valued at $155,000 after purchasing an additional 150 shares during the period. Headlands Technologies LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at $28,000. Capital Investment Advisory Services LLC grew its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 252.5% in the 4th quarter. Capital Investment Advisory Services LLC now owns 564 shares of the company’s stock worth $55,000 after acquiring an additional 404 shares during the last quarter. 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 worth $1,903,000 after purchasing an additional 499 shares in the last quarter. Finally, Quantbot Technologies LP raised its holdings 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 valued at $318,000 after acquiring an additional 873 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.