Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Up – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $76.93, but opened at $87.01. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $89.07, with a volume of 325,193 shares changing hands.

Direxion Daily Regional Banks Bull 3x Shares Trading Up 1.2%

The company has a market cap of $718.38 million, a price-to-earnings ratio of 8.41 and a beta of 2.56. The business has a fifty day moving average price of $73.31 and a two-hundred day moving average price of $107.54.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

A number of institutional investors have recently bought and sold shares of DPST. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth about $28,000. Anchor Investment Management LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $55,000. Lindbrook Capital LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth approximately $77,000. Headlands Technologies LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 1st quarter worth $105,000. Finally, REDW Wealth LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 1st quarter valued at $216,000.

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.