Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Down 3.8% – Here’s What Happened

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares were down 3.8% during trading on Wednesday . The company traded as low as $123.03 and last traded at $122.71. Approximately 240,764 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 809,827 shares. The stock had previously closed at $127.52.

Direxion Daily Regional Banks Bull 3x Shares Trading Up 2.2 %

The firm has a 50 day moving average of $128.39 and a two-hundred day moving average of $111.21. The company has a market cap of $1.23 billion, a PE ratio of 105.26 and a beta of 3.98.

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

Hedge funds have recently bought and sold shares of the company. Toth Financial Advisory Corp increased its stake in Direxion Daily Regional Banks Bull 3x Shares by 40.6% during the 4th quarter. Toth Financial Advisory Corp now owns 12,723 shares of the company’s stock valued at $1,398,000 after purchasing an additional 3,676 shares in the last quarter. KG&L Capital Management LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter worth approximately $936,000. Orion Portfolio Solutions LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth $349,000. Verus Capital Partners LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter worth about $252,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at approximately $48,000.

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.