Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Reaches New 1-Year High – Still a Buy?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) reached a new 52-week high during trading on Wednesday . The stock traded as high as $143.53 and last traded at $143.53, with a volume of 668462 shares trading hands. The stock had previously closed at $110.32.

Direxion Daily Regional Banks Bull 3x Shares Trading Up 40.0 %

The stock has a market cap of $1.53 billion, a P/E ratio of 105.26 and a beta of 3.98. The company has a 50 day simple moving average of $101.87 and a 200 day simple moving average of $86.86.

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

A number of institutional investors and hedge funds have recently made changes to their positions in DPST. Jane Street Group LLC increased its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 172.1% during the 1st quarter. Jane Street Group LLC now owns 57,574 shares of the company’s stock worth $4,582,000 after acquiring 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 during the 2nd quarter worth approximately $2,285,000. Toth Financial Advisory Corp increased its holdings 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 worth $900,000 after acquiring an additional 1,801 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 27.9% during the 1st quarter. Quantbot Technologies LP now owns 4,000 shares of the company’s stock worth $318,000 after acquiring an additional 873 shares during the last quarter. Finally, 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.

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.