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

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) gapped up prior to trading 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 traded.

Direxion Daily Regional Banks Bull 3x Shares Trading Up 0.4 %

The firm has a market capitalization of $954.40 million, a P/E ratio of 105.26 and a beta of 3.98. The company’s fifty day simple moving average is $97.43 and its 200 day simple moving average is $80.03.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DPST. Virtu Financial LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter worth about $2,285,000. Viewpoint Capital Management LLC increased its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 7.3% in 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 in the last quarter. Jane Street Group LLC increased its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 172.1% in the 1st quarter. Jane Street Group LLC now owns 57,574 shares of the company’s stock worth $4,582,000 after acquiring an additional 36,417 shares in the last quarter. Quantbot Technologies LP increased its stake 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 worth $318,000 after acquiring an additional 873 shares in the last quarter. Finally, Simplex Trading LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 1st quarter worth about $263,000.

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.