Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPSTGet Free Report) saw unusually-high trading volume on Friday . Approximately 1,446,783 shares changed hands during trading, an increase of 169% from the previous session’s volume of 538,257 shares.The stock last traded at $102.6520 and had previously closed at $123.56.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 15.5%

The firm has a market capitalization of $524.19 million, a P/E ratio of 10.48 and a beta of 2.67. The stock’s 50-day simple moving average is $118.53 and its 200-day simple moving average is $104.63.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Institutional investors and hedge funds have recently modified their holdings of the business. 1ST Source Bank bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter worth $434,000. Jump Financial LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the second quarter valued at about $6,448,000. IMC Chicago LLC increased its holdings in Direxion Daily Regional Banks Bull 3x Shares by 329.1% during the third quarter. IMC Chicago LLC now owns 60,257 shares of the company’s stock worth $6,029,000 after buying an additional 46,213 shares during the last quarter. Simplex Trading LLC raised its position in Direxion Daily Regional Banks Bull 3x Shares by 30.7% in the second quarter. Simplex Trading LLC now owns 6,887 shares of the company’s stock worth $597,000 after acquiring an additional 1,616 shares during the period. Finally, Elevatus Welath Management purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at about $2,082,000.

Direxion Daily Regional Banks Bull 3x Shares Company Profile

(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.

Further Reading

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