Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Reaches New 1-Year High – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPSTGet Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $147.16 and last traded at $146.24, with a volume of 108504 shares changing hands. The stock had previously closed at $141.42.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 6.3%

The company’s 50-day moving average price is $118.89 and its 200-day moving average price is $113.76. The firm has a market cap of $634.60 million, a price-to-earnings ratio of 10.48 and a beta of 2.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pin Oak Investment Advisors Inc. purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth approximately $40,000. SOA Wealth Advisors LLC. lifted its holdings in Direxion Daily Regional Banks Bull 3x Shares by 77.3% in the 4th quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock valued at $51,000 after purchasing an additional 218 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Direxion Daily Regional Banks Bull 3x Shares by 31.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 545 shares of the company’s stock valued at $55,000 after purchasing an additional 129 shares in the last quarter. Banco Santander S.A. purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at $201,000. Finally, Choreo LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth $200,000.

About Direxion Daily Regional Banks Bull 3x Shares

(Get Free Report)

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.

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