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

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $112.87, but opened at $123.96. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $123.86, with a volume of 638,921 shares changing hands.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The company’s fifty day moving average is $131.76 and its two-hundred day moving average is $109.15. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 105.26 and a beta of 3.98.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Safe Harbor Fiduciary LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth approximately $48,000. Verus Capital Partners LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at approximately $252,000. Orion Portfolio Solutions LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at approximately $349,000. Toth Financial Advisory Corp lifted its position 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 in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter valued at approximately $2,285,000.

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.