Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Cross Above Fifty Day Moving Average – What’s Next?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $123.25 and traded as high as $150.00. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $149.16, with a volume of 623,382 shares.

Direxion Daily Regional Banks Bull 3x Shares Trading Up 0.7 %

The stock has a market cap of $1.47 billion, a PE ratio of 105.26 and a beta of 3.98. The company’s 50 day moving average is $125.31 and its 200-day moving average is $98.79.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at about $48,000. Viewpoint Capital Management LLC raised its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 7.3% during the second quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock valued at $155,000 after acquiring an additional 150 shares during the period. Verus Capital Partners LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at approximately $252,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at approximately $349,000. Finally, 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 buying an additional 1,801 shares during the period.

About Direxion Daily Regional Banks Bull 3x Shares

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.