Orion Portfolio Solutions LLC Acquires Shares of 3,507 Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)

Orion Portfolio Solutions LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,507 shares of the company’s stock, valued at approximately $349,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Viewpoint Capital Management LLC grew its position in Direxion Daily Regional Banks Bull 3x Shares by 7.3% in the 2nd quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock valued at $155,000 after buying an additional 150 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter worth $2,285,000. Toth Financial Advisory Corp boosted its holdings 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 acquiring an additional 1,801 shares in the last quarter. Verus Capital Partners LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth about $252,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth about $48,000.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 15.6 %

Shares of DPST opened at $108.20 on Thursday. The stock’s 50 day moving average is $131.83 and its two-hundred day moving average is $102.57. Direxion Daily Regional Banks Bull 3x Shares has a twelve month low of $56.46 and a twelve month high of $174.22. The firm has a market capitalization of $1.07 billion, a PE ratio of 105.26 and a beta of 3.98.

Direxion Daily Regional Banks Bull 3x Shares 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.