Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Reaches New 12-Month High – Here’s What Happened

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $159.08 and last traded at $157.41, with a volume of 472895 shares. The stock had previously closed at $150.10.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 0.8 %

The firm has a market cap of $1.48 billion, a P/E ratio of 105.26 and a beta of 3.98. The stock’s fifty day moving average is $106.06 and its two-hundred day moving average is $89.58.

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

Several hedge funds and other institutional investors have recently modified their holdings of DPST. Verus Capital Partners LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter worth about $252,000. Toth Financial Advisory Corp grew its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 24.9% during the 3rd quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock worth $900,000 after acquiring an additional 1,801 shares during the period. Virtu Financial LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at approximately $2,285,000. Viewpoint Capital Management LLC lifted 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 valued at $155,000 after purchasing an additional 150 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of 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 purchasing an additional 36,417 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.