Short Interest in Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Increases By 47.3%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 640,394 shares, an increase of 47.3% from the February 26th total of 434,641 shares. Based on an average daily volume of 1,050,015 shares, the days-to-cover ratio is currently 0.6 days. Approximately 12.8% of the shares of the company are short sold.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DPST. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at approximately $1,523,000. XTX Topco Ltd purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $244,000. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter worth about $3,841,000. Jump Financial LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at $360,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 109.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 42,423 shares of the company’s stock valued at $4,286,000 after acquiring an additional 22,178 shares in the last quarter.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 5.3%

DPST traded down $5.01 on Friday, reaching $89.10. The stock had a trading volume of 381,384 shares, compared to its average volume of 628,390. The business’s 50-day moving average price is $112.42 and its two-hundred day moving average price is $103.11. Direxion Daily Regional Banks Bull 3x Shares has a 12-month low of $46.00 and a 12-month high of $146.09. The company has a market cap of $447.28 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.