Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading 5.7% Higher – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price shot up 5.7% during trading on Wednesday . The company traded as high as $98.09 and last traded at $98.01. 589,643 shares traded hands during trading, a decline of 57% from the average session volume of 1,375,874 shares. The stock had previously closed at $92.76.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The firm’s 50-day moving average is $94.74 and its 200 day moving average is $81.24. The firm has a market capitalization of $956.19 million, a P/E ratio of 105.26 and a beta of 3.98.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at approximately $3,006,000. Toth Financial Advisory Corp raised its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 2.1% in the first quarter. Toth Financial Advisory Corp now owns 23,917 shares of the company’s stock valued at $1,903,000 after purchasing an additional 499 shares during the last quarter. Quantbot Technologies LP lifted 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 purchasing an additional 873 shares in the last quarter. Jane Street Group LLC boosted its holdings in Direxion Daily Regional Banks Bull 3x Shares by 172.1% during the first quarter. Jane Street Group LLC now owns 57,574 shares of the company’s stock worth $4,582,000 after purchasing an additional 36,417 shares during the last quarter. Finally, Viewpoint Capital Management LLC grew its position in Direxion Daily Regional Banks Bull 3x Shares by 7.3% in the second quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock valued at $155,000 after purchasing an additional 150 shares in the last quarter.

About Direxion Daily Regional Banks Bull 3x Shares

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.