Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading Down 5.3% – What’s Next?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price were down 5.3% during trading on Wednesday . The stock traded as low as $94.11 and last traded at $92.59. Approximately 388,696 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 680,336 shares. The stock had previously closed at $97.81.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 0.6 %

The company has a market cap of $616.89 million, a P/E ratio of 12.97 and a beta of 2.95. The stock has a 50 day moving average price of $118.19 and a two-hundred day moving average price of $117.17.

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

Institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $3,731,000. Orion Portfolio Solutions LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at $349,000. Toth Financial Advisory Corp lifted its position in shares of 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 acquiring an additional 3,676 shares during the period. Verus Capital Partners LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth $252,000. Finally, KG&L Capital Management LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth $936,000.

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.