Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading 5.1% Higher – Still a Buy?

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) traded up 5.1% during mid-day trading on Tuesday . The stock traded as high as $128.36 and last traded at $129.58. 202,922 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 812,836 shares. The stock had previously closed at $123.24.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The company has a 50 day simple moving average of $129.79 and a 200 day simple moving average of $110.62. The company has a market capitalization of $1.26 billion, a PE ratio of 105.26 and a beta of 3.98.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at approximately $349,000. Verus Capital Partners LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at about $252,000. Toth Financial Advisory Corp grew its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 24.9% in the third 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 during the period. Finally, Safe Harbor Fiduciary LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth about $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.