Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Down – Should You Sell?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPSTGet Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $132.47, but opened at $126.38. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $125.98, with a volume of 194,518 shares traded.

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

The stock has a market capitalization of $1.24 billion, a P/E ratio of 105.26 and a beta of 3.98. The company has a fifty day simple moving average of $121.88 and a two-hundred day simple moving average of $114.54.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Hollencrest Capital Management bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter worth $28,000. Orion Portfolio Solutions LLC raised its position in Direxion Daily Regional Banks Bull 3x Shares by 8.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 3,801 shares of the company’s stock valued at $418,000 after buying an additional 294 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at approximately $48,000. Anchor Investment Management LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at approximately $55,000. Finally, Lindbrook Capital LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at approximately $77,000.

Direxion Daily Regional Banks Bull 3x Shares Company Profile

(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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