Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Up to $95.85

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) gapped up before the market opened on Friday . The stock had previously closed at $95.85, but opened at $98.76. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $96.79, with a volume of 337,513 shares changing hands.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 2.1 %

The stock has a market cap of $971.27 million, a PE ratio of 105.26 and a beta of 3.98. The firm has a 50-day simple moving average of $97.54 and a 200-day simple moving average of $79.89.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Viewpoint Capital Management LLC increased its holdings in Direxion Daily Regional Banks Bull 3x Shares by 7.3% during the 2nd quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock worth $155,000 after acquiring an additional 150 shares during the period. Simplex Trading LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the first quarter worth $263,000. Quantbot Technologies LP raised its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 27.9% in the first quarter. Quantbot Technologies LP now owns 4,000 shares of the company’s stock worth $318,000 after buying an additional 873 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in Direxion Daily Regional Banks Bull 3x Shares by 2.1% during the first quarter. Toth Financial Advisory Corp now owns 23,917 shares of the company’s stock valued at $1,903,000 after buying an additional 499 shares during the period. Finally, Virtu Financial LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares during the second quarter worth about $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.