Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Short Interest Update

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 434,641 shares, a growth of 42.2% from the February 12th total of 305,673 shares. Based on an average daily trading volume, of 683,512 shares, the days-to-cover ratio is presently 0.6 days. Currently, 8.7% of the company’s shares are short sold. Currently, 8.7% of the company’s shares are short sold. Based on an average daily trading volume, of 683,512 shares, the days-to-cover ratio is presently 0.6 days.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

NYSEARCA DPST traded down $1.57 during trading hours on Friday, reaching $87.63. The company’s stock had a trading volume of 558,742 shares, compared to its average volume of 655,516. The firm has a fifty day simple moving average of $116.78 and a 200-day simple moving average of $104.58. Direxion Daily Regional Banks Bull 3x Shares has a 52 week low of $46.00 and a 52 week high of $146.09. The stock has a market cap of $439.90 million, a P/E ratio of 10.48 and a beta of 2.67.

Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3x Shares

Hedge funds have recently modified their holdings of the business. Jump Financial LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at about $6,448,000. IMC Chicago LLC raised its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 329.1% during the third quarter. IMC Chicago LLC now owns 60,257 shares of the company’s stock worth $6,029,000 after acquiring an additional 46,213 shares during the last quarter. Allworth Financial LP bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the second quarter worth about $49,000. Stephens Inc. AR lifted its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 23.8% in the 4th quarter. Stephens Inc. AR now owns 2,597 shares of the company’s stock worth $262,000 after purchasing an additional 500 shares during the period. Finally, Millennium Capital Advisors LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter worth approximately $559,000.

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.