Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) Trading Down 1.2% – Should You Sell?

Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) fell 1.2% on Monday . The stock traded as low as $123.00 and last traded at $123.05. 129,530 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 427,180 shares. The stock had previously closed at $124.58.

Direxion Daily Regional Banks Bull 3X ETF Trading Down 1.2%

The company’s 50-day moving average is $140.89 and its two-hundred day moving average is $123.58. The stock has a market capitalization of $371.61 million, a P/E ratio of 10.48 and a beta of 2.50.

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

Several large investors have recently made changes to their positions in the business. Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3X ETF in the 1st quarter valued at approximately $2,832,000. IMC Chicago LLC lifted its position in Direxion Daily Regional Banks Bull 3X ETF by 11.3% in the 1st quarter. IMC Chicago LLC now owns 27,872 shares of the company’s stock worth $2,694,000 after buying an additional 2,833 shares in the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily Regional Banks Bull 3X ETF during the fourth quarter valued at $1,523,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Direxion Daily Regional Banks Bull 3X ETF by 671.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 517 shares of the company’s stock valued at $73,000 after buying an additional 450 shares during the last quarter.

About Direxion Daily Regional Banks Bull 3X ETF

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.