Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Down to $70.67

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares gapped down before the market opened on Wednesday . The stock had previously closed at $70.67, but opened at $69.00. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $71.25, with a volume of 203,168 shares traded.

Direxion Daily Regional Banks Bull 3x Shares Stock Down 3.8 %

The company has a market cap of $712.02 million, a price-to-earnings ratio of 85.29 and a beta of 2.99. The firm has a 50-day simple moving average of $70.40 and a 200 day simple moving average of $71.85.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DPST. Simplex Trading LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the first quarter valued at approximately $263,000. Toth Financial Advisory Corp increased its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 2.1% in the first quarter. Toth Financial Advisory Corp now owns 23,917 shares of the company’s stock valued at $1,903,000 after purchasing an additional 499 shares during the period. Virtu Financial LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $3,006,000. Elevatus Welath Management acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $7,493,000. Finally, Headlands Technologies LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $28,000.

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.