Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Sees Large Volume Increase

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) saw an uptick in trading volume on Friday . 599,261 shares were traded during trading, a decline of 56% from the previous session’s volume of 1,375,356 shares.The stock last traded at $92.68 and had previously closed at $88.23.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 7.8 %

The company’s 50 day simple moving average is $94.80 and its two-hundred day simple moving average is $78.16. The company has a market capitalization of $943.79 million, a price-to-earnings ratio of 105.26 and a beta of 3.98.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Viewpoint Capital Management LLC grew its position 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 purchasing an additional 150 shares during the last quarter. Simplex Trading LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the first quarter valued at $263,000. Quantbot Technologies LP increased its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 27.9% in the 1st quarter. Quantbot Technologies LP now owns 4,000 shares of the company’s stock valued at $318,000 after acquiring an additional 873 shares during the period. Toth Financial Advisory Corp raised its stake in Direxion Daily Regional Banks Bull 3x Shares by 2.1% in 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 during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 2nd 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.