Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST – Get Free Report)’s stock price fell 3% on Monday . The stock traded as low as $129.86 and last traded at $130.49. Approximately 195,682 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 448,307 shares. The stock had previously closed at $134.52.
Direxion Daily Regional Banks Bull 3x Shares Stock Performance
The stock has a market capitalization of $394.08 million, a price-to-earnings ratio of 10.48 and a beta of 2.53. The business’s 50 day simple moving average is $143.84 and its 200-day simple moving average is $122.71.
Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3x Shares
Hedge funds and other institutional investors have recently made changes to their positions in the business. Pin Oak Investment Advisors Inc. bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at $40,000. Banco Santander S.A. bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth $201,000. XTX Topco Ltd bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth $244,000. Allworth Financial LP increased its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 355.2% during the fourth quarter. Allworth Financial LP now owns 2,563 shares of the company’s stock valued at $259,000 after purchasing an additional 2,000 shares during the period. Finally, Stephens Inc. AR increased its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 23.8% during the fourth quarter. Stephens Inc. AR now owns 2,597 shares of the company’s stock valued at $262,000 after purchasing an additional 500 shares during the period.
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.
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