Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading 7.4% Higher – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) were up 7.4% during trading on Thursday . The stock traded as high as $150.20 and last traded at $149.97. Approximately 388,637 shares traded hands during trading, a decline of 71% from the average daily volume of 1,327,077 shares. The stock had previously closed at $139.61.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 7.4 %

The company’s 50-day moving average is $113.32 and its two-hundred day moving average is $92.94. The company has a market capitalization of $1.56 billion, a P/E ratio of 105.26 and a beta of 3.98.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Safe Harbor Fiduciary LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares in the third quarter worth approximately $48,000. Viewpoint Capital Management LLC boosted 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 in the last quarter. Verus Capital Partners LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at $252,000. Orion Portfolio Solutions LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter worth $349,000. Finally, Toth Financial Advisory Corp boosted its position in Direxion Daily Regional Banks Bull 3x Shares by 24.9% during the third quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock valued at $900,000 after buying an additional 1,801 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.