Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Down 2.6% – What’s Next?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price traded down 2.6% during trading on Friday . The company traded as low as $116.07 and last traded at $116.42. 205,208 shares changed hands during trading, a decline of 85% from the average session volume of 1,367,275 shares. The stock had previously closed at $119.47.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 4.0 %

The company has a market cap of $1.14 billion, a price-to-earnings ratio of 105.26 and a beta of 3.98. The company’s 50 day moving average price is $97.95 and its 200 day moving average price is $83.08.

Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3x Shares

Hedge funds have recently added to or reduced their stakes in the company. Viewpoint Capital Management LLC raised its stake in shares of 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 buying an additional 150 shares in the last quarter. Quantbot Technologies LP raised its position in 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 acquiring an additional 873 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings in 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 acquiring an additional 499 shares during the period. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter worth $2,285,000. Finally, Jane Street Group LLC grew its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 172.1% during the 1st 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 period.

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.