Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Down – Time to Sell?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares gapped down before the market opened on Tuesday . The stock had previously closed at $143.74, but opened at $136.40. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $139.17, with a volume of 172,694 shares changing hands.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 105.26 and a beta of 3.98. The stock’s 50-day moving average is $111.11 and its 200-day moving average is $92.24.

Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3x Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC increased its position in 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 worth $4,582,000 after purchasing an additional 36,417 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at $2,285,000. Toth Financial Advisory Corp grew its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 24.9% during the 3rd quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock valued at $900,000 after buying an additional 1,801 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth $349,000. Finally, Verus Capital Partners LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter worth $252,000.

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.