Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Down to $70.67

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares gapped down prior to trading on Wednesday . The stock had previously closed at $70.67, but opened at $69.00. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $71.25, with a volume of 203,168 shares traded.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 1.1 %

The company has a market cap of $733.79 million, a price-to-earnings ratio of 85.29 and a beta of 2.99. The firm has a 50 day moving average price of $70.48 and a two-hundred day moving average price of $71.86.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter valued at about $28,000. 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. Anchor Investment Management LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth approximately $49,000. Capital Investment Advisory Services LLC boosted its holdings in Direxion Daily Regional Banks Bull 3x Shares by 252.5% in the fourth quarter. Capital Investment Advisory Services LLC now owns 564 shares of the company’s stock worth $55,000 after acquiring an additional 404 shares in the last quarter. Finally, Viewpoint Capital Management LLC boosted its holdings in Direxion Daily Regional Banks Bull 3x Shares by 54.2% in the third quarter. Viewpoint Capital Management LLC now owns 1,850 shares of the company’s stock worth $100,000 after acquiring an additional 650 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.