Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) Shares Cross Above 200-Day Moving Average – Here’s Why

Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $122.51 and traded as high as $123.51. Direxion Daily Regional Banks Bull 3X ETF shares last traded at $122.84, with a volume of 136,170 shares.

Direxion Daily Regional Banks Bull 3X ETF Price Performance

The stock’s 50-day moving average is $119.78 and its 200 day moving average is $122.51. The stock has a market cap of $303.41 million, a price-to-earnings ratio of 10.48 and a beta of 2.61.

Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3X ETF

A number of large investors have recently modified their holdings of DPST. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3X ETF in the 1st quarter valued at approximately $2,832,000. SBI Securities Co. Ltd. boosted its stake in shares of Direxion Daily Regional Banks Bull 3X ETF by 6.2% in the third quarter. SBI Securities Co. Ltd. now owns 5,246 shares of the company’s stock valued at $574,000 after buying an additional 308 shares in the last quarter. Genesee Capital Advisors LLC acquired a new position in Direxion Daily Regional Banks Bull 3X ETF during the third quarter worth $388,000. Simplex Trading LLC acquired a new position in Direxion Daily Regional Banks Bull 3X ETF during the third quarter worth $322,000. Finally, Toth Financial Advisory Corp acquired a new position in Direxion Daily Regional Banks Bull 3X ETF during the third quarter worth $197,000.

Direxion Daily Regional Banks Bull 3X ETF 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.