Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) Stock Price Up 1.9% – Here’s What Happened

Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) shares rose 1.9% on Monday. The company traded as high as $111.20 and last traded at $109.20. Approximately 133,582 shares were traded during trading, a decline of 68% from the average session volume of 414,060 shares. The stock had previously closed at $107.20.

Direxion Daily Regional Banks Bull 3X ETF Trading Up 1.9%

The company has a market cap of $302.48 million, a PE ratio of 10.48 and a beta of 2.62. The stock has a 50 day moving average price of $130.78 and a 200 day moving average price of $125.73.

Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3X ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3X ETF during the first quarter valued at $2,832,000. Virtu Financial LLC purchased a new stake in Direxion Daily Regional Banks Bull 3X ETF during the fourth quarter valued at $1,523,000. IMC Chicago LLC boosted its position in Direxion Daily Regional Banks Bull 3X ETF by 11.3% in the first quarter. IMC Chicago LLC now owns 27,872 shares of the company’s stock worth $2,694,000 after purchasing an additional 2,833 shares during the last quarter. Toth Financial Advisory Corp bought a new stake in shares of Direxion Daily Regional Banks Bull 3X ETF during the 3rd quarter valued at about $197,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Direxion Daily Regional Banks Bull 3X ETF by 671.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 517 shares of the company’s stock worth $73,000 after purchasing an additional 450 shares during the period.

Direxion Daily Regional Banks Bull 3X ETF 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.