Shares of Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST – Get Free Report) crossed 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 traded.
Direxion Daily Regional Banks Bull 3X ETF Stock Performance
The firm has a market cap of $309.63 million, a P/E ratio of 10.48 and a beta of 2.61. The company’s 50 day moving average is $120.62 and its 200 day moving average is $122.37.
Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3X ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its stake in shares of Direxion Daily Regional Banks Bull 3X ETF by 671.6% in the second quarter. Parkside Financial Bank & Trust now owns 517 shares of the company’s stock worth $73,000 after purchasing an additional 450 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in Direxion Daily Regional Banks Bull 3X ETF during the 3rd quarter worth approximately $197,000. Simplex Trading LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3X ETF during the third quarter valued at approximately $322,000. Genesee Capital Advisors LLC bought a new stake in Direxion Daily Regional Banks Bull 3X ETF during the 3rd quarter valued at $388,000. Finally, SBI Securities Co. Ltd. increased its position in shares of Direxion Daily Regional Banks Bull 3X ETF by 6.2% during the third quarter. SBI Securities Co. Ltd. now owns 5,246 shares of the company’s stock worth $574,000 after acquiring an additional 308 shares in the last quarter.
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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