Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Short Interest Down 16.4% in January

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 369,799 shares, a drop of 16.4% from the January 15th total of 442,437 shares. Currently, 7.4% of the company’s stock are short sold. Based on an average daily volume of 484,731 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 484,731 shares, the days-to-cover ratio is presently 0.8 days. Currently, 7.4% of the company’s stock are short sold.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. acquired a new position in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at about $28,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth approximately $40,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at approximately $42,000. Allworth Financial LP bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the second quarter worth approximately $49,000. Finally, Choreo LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth approximately $200,000.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

DPST stock traded up $0.75 during midday trading on Tuesday, hitting $130.47. The company’s stock had a trading volume of 258,657 shares, compared to its average volume of 507,404. The company’s fifty day moving average price is $116.36 and its 200 day moving average price is $102.41. Direxion Daily Regional Banks Bull 3x Shares has a twelve month low of $46.00 and a twelve month high of $146.09. The stock has a market capitalization of $654.93 million, a P/E ratio of 10.48 and a beta of 2.67.

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.