Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Down 3.8% – Time to Sell?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price fell 3.8% on Wednesday . The company traded as low as $123.03 and last traded at $122.71. 240,764 shares traded hands during trading, a decline of 70% from the average session volume of 809,827 shares. The stock had previously closed at $127.52.

Direxion Daily Regional Banks Bull 3x Shares Stock Down 3.3 %

The stock has a market capitalization of $1.22 billion, a P/E ratio of 105.26 and a beta of 3.98. The stock has a 50 day simple moving average of $129.34 and a two-hundred day simple moving average of $111.06.

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

Several institutional investors and hedge funds have recently modified their holdings of DPST. Safe Harbor Fiduciary LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at about $48,000. Verus Capital Partners LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth approximately $252,000. Orion Portfolio Solutions LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth approximately $349,000. Finally, Toth Financial Advisory Corp raised its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 24.9% in the third 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 in the last quarter.

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.