Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) Shares Break Below Two Hundred Day Moving Average – What’s Next?

Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST)’s share price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $122.32 and traded as low as $119.59. Direxion Daily Regional Banks Bull 3X ETF shares last traded at $120.82, with a volume of 610,262 shares.

Direxion Daily Regional Banks Bull 3X ETF Stock Performance

The business’s fifty day simple moving average is $120.91 and its 200 day simple moving average is $122.32. The stock has a market cap of $316.55 million, a price-to-earnings ratio of 10.48 and a beta of 2.61.

Institutional Trading of Direxion Daily Regional Banks Bull 3X ETF

A number of hedge funds and other institutional investors have recently modified their holdings of DPST. Renaissance Technologies LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3X ETF in the first quarter worth about $2,832,000. IMC Chicago LLC boosted its holdings 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 valued at $2,694,000 after purchasing an additional 2,833 shares during the last quarter. Simplex Trading LLC acquired a new stake in Direxion Daily Regional Banks Bull 3X ETF during the 3rd quarter valued at approximately $322,000. SBI Securities Co. Ltd. grew its stake in Direxion Daily Regional Banks Bull 3X ETF by 6.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 5,246 shares of the company’s stock valued at $574,000 after purchasing an additional 308 shares in the last quarter. Finally, Genesee Capital Advisors LLC purchased a new stake in Direxion Daily Regional Banks Bull 3X ETF during the 3rd quarter worth approximately $388,000.

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.