Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Down – What’s Next?

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) gapped down before the market opened on Thursday . The stock had previously closed at $113.70, but opened at $111.28. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $111.84, with a volume of 101,201 shares trading hands.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The stock has a market cap of $1.12 billion, a P/E ratio of 105.26 and a beta of 3.98. The company has a 50-day simple moving average of $132.14 and a 200-day simple moving average of $104.23.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Several hedge funds have recently modified their holdings of the stock. Safe Harbor Fiduciary LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at about $48,000. Viewpoint Capital Management LLC raised its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 7.3% during the second quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock worth $155,000 after buying an additional 150 shares during the last quarter. Verus Capital Partners LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at approximately $252,000. Orion Portfolio Solutions LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at approximately $349,000. Finally, Toth Financial Advisory Corp grew its holdings in 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 worth $900,000 after acquiring an additional 1,801 shares during the period.

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.