Renaissance Technologies LLC Makes New $2.83 Million Investment in Direxion Daily Regional Banks Bull 3x Shares $DPST

Renaissance Technologies LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) during the 1st quarter, Holdings Channel reports. The firm bought 29,300 shares of the company’s stock, valued at approximately $2,832,000.

Several other hedge funds have also added to or reduced their stakes in the company. Orion Porfolio Solutions LLC boosted its stake in Direxion Daily Regional Banks Bull 3x Shares by 4.9% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 4,462 shares of the company’s stock valued at $446,000 after purchasing an additional 209 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at about $40,000. Stephens Inc. AR boosted its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 23.8% in the fourth quarter. Stephens Inc. AR now owns 2,597 shares of the company’s stock valued at $262,000 after acquiring an additional 500 shares during the period. Banco Santander S.A. acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at about $201,000. Finally, Allworth Financial LP grew its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 355.2% in the fourth quarter. Allworth Financial LP now owns 2,563 shares of the company’s stock valued at $259,000 after acquiring an additional 2,000 shares in the last quarter.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

NYSEARCA:DPST opened at $146.17 on Monday. Direxion Daily Regional Banks Bull 3x Shares has a 52 week low of $72.66 and a 52 week high of $158.88. The firm has a market cap of $441.43 million, a price-to-earnings ratio of 10.48 and a beta of 2.53. The firm’s 50-day simple moving average is $136.77 and its 200 day simple moving average is $120.74.

Direxion Daily Regional Banks Bull 3x Shares 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.