Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Down – Here’s What Happened

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) gapped down before the market opened on Monday . The stock had previously closed at $91.10, but opened at $86.05. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $85.47, with a volume of 177,688 shares trading hands.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The company has a fifty day moving average price of $115.75 and a two-hundred day moving average price of $116.89. The company has a market capitalization of $494.14 million, a P/E ratio of 12.97 and a beta of 2.95.

Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3x Shares

Institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at $28,000. Orion Portfolio Solutions LLC increased its holdings in Direxion Daily Regional Banks Bull 3x Shares by 8.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 3,801 shares of the company’s stock valued at $418,000 after purchasing an additional 294 shares during the period. Safe Harbor Fiduciary LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth $48,000. Anchor Investment Management LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth about $55,000. Finally, Lindbrook Capital LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at about $77,000.

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.