Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Down 3%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) traded down 3% during trading on Wednesday . The stock traded as low as $69.52 and last traded at $69.56. 198,013 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,309,985 shares. The stock had previously closed at $71.74.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 4.9 %

The stock has a market cap of $677.04 million, a P/E ratio of 105.26 and a beta of 3.98. The company has a 50 day simple moving average of $68.39 and a 200 day simple moving average of $74.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter valued at $28,000. Capital Investment Advisory Services LLC lifted its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 252.5% during the 4th quarter. Capital Investment Advisory Services LLC now owns 564 shares of the company’s stock worth $55,000 after buying an additional 404 shares during the last quarter. Glass Jacobson Investment Advisors llc bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth $40,000. Toth Financial Advisory Corp lifted 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 buying an additional 499 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth $49,000.

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.