Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Down 4.6%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price traded down 4.6% during trading on Wednesday . The company traded as low as $97.50 and last traded at $97.78. 699,982 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 1,386,460 shares. The stock had previously closed at $102.53.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The firm has a market capitalization of $899.64 million, a price-to-earnings ratio of 105.26 and a beta of 3.98. The company’s fifty day moving average price is $92.16 and its 200 day moving average price is $77.27.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter worth $2,285,000. Viewpoint Capital Management LLC increased its position 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 acquiring an additional 150 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 172.1% during the first quarter. Jane Street Group LLC now owns 57,574 shares of the company’s stock valued at $4,582,000 after acquiring an additional 36,417 shares during the period. Quantbot Technologies LP lifted its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 27.9% in the 1st quarter. Quantbot Technologies LP now owns 4,000 shares of the company’s stock valued at $318,000 after acquiring an additional 873 shares in the last quarter. Finally, Simplex Trading LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares during the 1st quarter worth approximately $263,000.

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.