Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Down – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) gapped down before the market opened on Thursday . The stock had previously closed at $121.19, but opened at $118.55. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $118.53, with a volume of 205,130 shares.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 4.5 %

The firm has a 50 day moving average of $130.38 and a 200 day moving average of $109.67. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 105.26 and a beta of 3.98.

Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3x Shares

A number of hedge funds have recently added to or reduced their stakes in DPST. Toth Financial Advisory Corp lifted its holdings in Direxion Daily Regional Banks Bull 3x Shares by 24.9% during the third 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 period. Verus Capital Partners LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth $252,000. Safe Harbor Fiduciary LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth $48,000. Finally, Orion Portfolio Solutions LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth $349,000.

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.