Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Up 3.2%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) rose 3.2% on Friday . The stock traded as high as $62.21 and last traded at $61.98. Approximately 214,204 shares changed hands during trading, a decline of 85% from the average daily volume of 1,449,684 shares. The stock had previously closed at $60.08.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 6.7 %

The company has a 50 day simple moving average of $70.63 and a two-hundred day simple moving average of $71.17. The company has a market capitalization of $658.31 million, a P/E ratio of 85.29 and a beta of 2.99.

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

Large investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at approximately $28,000. Harbour Investments Inc. grew its stake in Direxion Daily Regional Banks Bull 3x Shares by 14,705.9% in the first quarter. Harbour Investments Inc. now owns 5,034 shares of the company’s stock worth $39,000 after purchasing an additional 5,000 shares in the last quarter. Glass Jacobson Investment Advisors llc bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth approximately $40,000. Quantbot Technologies LP bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the second quarter worth approximately $47,000. Finally, Anchor Investment Management LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth approximately $49,000.

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.