Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Up 5.1% – Here’s What Happened

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shot up 5.1% during trading on Tuesday . The stock traded as high as $128.36 and last traded at $129.58. 202,922 shares changed hands during trading, a decline of 75% from the average session volume of 812,836 shares. The stock had previously closed at $123.24.

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

The business’s 50-day moving average price is $128.85 and its 200-day moving average price is $111.14. The stock has a market cap of $1.21 billion, a PE ratio of 105.26 and a beta of 3.98.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toth Financial Advisory Corp increased its stake in Direxion Daily Regional Banks Bull 3x Shares by 40.6% during the 4th quarter. Toth Financial Advisory Corp now owns 12,723 shares of the company’s stock valued at $1,398,000 after purchasing an additional 3,676 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at $349,000. Safe Harbor Fiduciary LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at $48,000. Finally, Verus Capital Partners LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth about $252,000.

Direxion Daily Regional Banks Bull 3x Shares 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.