Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $121.94 and traded as low as $116.62. Direxion Daily Regional Banks Bull 3X ETF shares last traded at $120.81, with a volume of 136,319 shares.
Direxion Daily Regional Banks Bull 3X ETF Trading Down 3.4%
The stock has a market capitalization of $308.97 million, a P/E ratio of 10.48 and a beta of 2.62. The stock’s fifty day moving average price is $121.73 and its two-hundred day moving average price is $122.05.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3X ETF during the first quarter valued at approximately $2,832,000. IMC Chicago LLC boosted its stake in Direxion Daily Regional Banks Bull 3X ETF by 11.3% during 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 in the last quarter. SBI Securities Co. Ltd. grew its holdings in Direxion Daily Regional Banks Bull 3X ETF by 6.2% in the third quarter. SBI Securities Co. Ltd. now owns 5,246 shares of the company’s stock worth $574,000 after purchasing an additional 308 shares during the period. Genesee Capital Advisors LLC purchased a new stake in Direxion Daily Regional Banks Bull 3X ETF in the third quarter worth about $388,000. Finally, Toth Financial Advisory Corp purchased a new stake in Direxion Daily Regional Banks Bull 3X ETF in the third quarter worth about $197,000.
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.
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