Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) Stock Price Down 1.2% – Here’s What Happened

Shares of Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPSTGet Free Report) were down 1.2% during mid-day trading on Monday . The stock traded as low as $123.00 and last traded at $123.05. Approximately 129,530 shares traded hands during trading, a decline of 70% from the average daily volume of 427,180 shares. The stock had previously closed at $124.58.

Direxion Daily Regional Banks Bull 3X ETF Trading Down 3.5%

The company has a market cap of $294.52 million, a PE ratio of 10.48 and a beta of 2.50. The firm has a 50 day moving average of $140.44 and a two-hundred day moving average of $123.66.

Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3X ETF

A number of institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust raised its stake in Direxion Daily Regional Banks Bull 3X ETF by 671.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 517 shares of the company’s stock valued at $73,000 after buying an additional 450 shares during the last quarter. IMC Chicago LLC grew its holdings in shares of 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 worth $2,694,000 after acquiring an additional 2,833 shares during the period. Virtu Financial LLC purchased a new stake in Direxion Daily Regional Banks Bull 3X ETF during the fourth quarter valued at $1,523,000. Finally, Renaissance Technologies LLC purchased a new stake in Direxion Daily Regional Banks Bull 3X ETF during the first quarter valued at $2,832,000.

About Direxion Daily Regional Banks Bull 3X ETF

(Get Free Report)

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.

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