Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Hits New 12-Month High – Still a Buy?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $159.08 and last traded at $157.41, with a volume of 472895 shares changing hands. The stock had previously closed at $150.10.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 1.7 %

The company has a 50 day simple moving average of $107.03 and a 200 day simple moving average of $89.98. The stock has a market capitalization of $1.44 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

Large investors have recently modified their holdings of the business. Jane Street Group LLC increased its stake in Direxion Daily Regional Banks Bull 3x Shares by 172.1% in the 1st quarter. Jane Street Group LLC now owns 57,574 shares of the company’s stock valued at $4,582,000 after purchasing an additional 36,417 shares in the last quarter. Quantbot Technologies LP increased its stake in Direxion Daily Regional Banks Bull 3x Shares by 27.9% in the 1st quarter. Quantbot Technologies LP now owns 4,000 shares of the company’s stock valued at $318,000 after purchasing an additional 873 shares in the last quarter. Verus Capital Partners LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at approximately $252,000. Toth Financial Advisory Corp increased its stake in Direxion Daily Regional Banks Bull 3x Shares by 24.9% in the 3rd quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock valued at $900,000 after purchasing an additional 1,801 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter valued at $2,285,000.

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.