Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Up – Should You Buy?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPSTGet Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $76.93, but opened at $87.01. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $89.07, with a volume of 325,193 shares traded.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 1.2%

The company has a market capitalization of $718.38 million, a P/E ratio of 8.41 and a beta of 2.56. The business has a 50 day simple moving average of $73.31 and a 200-day simple moving average of $107.54.

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

Several large investors have recently made changes to their positions in DPST. SBI Securities Co. Ltd. bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter valued at $3,731,000. Hollencrest Capital Management purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at about $28,000. Boothbay Fund Management LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth approximately $5,921,000. Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at approximately $218,000. Finally, Jump Financial LLC lifted its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 18.2% in the 4th quarter. Jump Financial LLC now owns 34,042 shares of the company’s stock valued at $3,740,000 after acquiring an additional 5,253 shares in the last quarter.

Direxion Daily Regional Banks Bull 3x Shares Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Direxion Daily Regional Banks Bull 3x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Regional Banks Bull 3x Shares and related companies with MarketBeat.com's FREE daily email newsletter.