Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Up 5.1%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price rose 5.1% during mid-day trading on Tuesday . The company traded as high as $112.30 and last traded at $112.13. Approximately 935,502 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 1,395,658 shares. The stock had previously closed at $106.71.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The firm has a market capitalization of $1.13 billion, a PE ratio of 105.26 and a beta of 3.98. The company has a 50-day moving average price of $73.67 and a 200-day moving average price of $74.31.

Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3x Shares

Several institutional investors have recently bought and sold shares of the stock. Elevatus Welath Management acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at about $7,493,000. Jane Street Group LLC boosted its position 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 valued at $4,582,000 after acquiring an additional 36,417 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at about $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 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, Quantbot Technologies LP grew its position in 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 purchasing an additional 873 shares in the last quarter.

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.