Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading Down 10.6% – Should You Sell?

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) fell 10.6% on Monday . The stock traded as low as $77.53 and last traded at $76.2450. 482,972 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 896,974 shares. The stock had previously closed at $85.29.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The stock has a market capitalization of $742.29 million, a P/E ratio of 10.48 and a beta of 2.67. The business has a 50 day simple moving average of $94.13 and a 200-day simple moving average of $91.34.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DPST. 1ST Source Bank acquired a new position in Direxion Daily Regional Banks Bull 3x Shares in the second quarter worth $434,000. Aveo Capital Partners LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the first quarter worth approximately $4,413,000. Wealth Preservation Advisors LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the 1st quarter valued at about $78,000. Headlands Technologies LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 1st quarter worth approximately $105,000. Finally, Lindbrook Capital LLC lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 228.6% during the first quarter. Lindbrook Capital LLC now owns 2,300 shares of the company’s stock worth $199,000 after purchasing an additional 1,600 shares during the period.

About Direxion Daily Regional Banks Bull 3x Shares

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.