Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Up 4.9%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) rose 4.9% on Monday . The company traded as high as $101.00 and last traded at $100.94. Approximately 798,325 shares were traded during trading, a decline of 42% from the average daily volume of 1,384,264 shares. The stock had previously closed at $96.21.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The stock has a 50 day simple moving average of $97.43 and a two-hundred day simple moving average of $80.13. The company has a market cap of $981.88 million, 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DPST. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at $3,006,000. Toth Financial Advisory Corp boosted its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 2.1% during the 1st quarter. Toth Financial Advisory Corp now owns 23,917 shares of the company’s stock worth $1,903,000 after acquiring an additional 499 shares in the last quarter. Simplex Trading LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 1st quarter worth about $263,000. Quantbot Technologies LP boosted its position 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 in the last quarter. Finally, Jane Street Group LLC boosted its position 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 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.