Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Reaches New 1-Year High – Here’s What Happened

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) reached a new 52-week high during trading on Wednesday . The company traded as high as $143.53 and last traded at $143.53, with a volume of 668462 shares. The stock had previously closed at $110.32.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The firm has a market cap of $1.38 billion, a PE ratio of 105.26 and a beta of 3.98. The stock’s 50 day simple moving average is $104.20 and its 200 day simple moving average is $88.18.

Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3x Shares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Viewpoint Capital Management LLC lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 7.3% in the 2nd quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock worth $155,000 after acquiring an additional 150 shares during the last quarter. Verus Capital Partners LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter worth approximately $252,000. Quantbot Technologies LP lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 27.9% in the 1st quarter. Quantbot Technologies LP now owns 4,000 shares of the company’s stock worth $318,000 after acquiring an additional 873 shares during the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 24.9% in the 3rd quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock worth $900,000 after acquiring an additional 1,801 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter worth approximately $2,285,000.

Direxion Daily Regional Banks Bull 3x Shares Company 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.