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

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) gapped up before the market opened on Monday . The stock had previously closed at $88.05, but opened at $92.19. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $91.07, with a volume of 145,201 shares changing hands.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The firm has a market capitalization of $634.89 million, a PE ratio of 11.58 and a beta of 2.95. The stock has a fifty day moving average price of $111.75 and a 200-day moving average price of $115.90.

Direxion Daily Regional Banks Bull 3x Shares Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a $0.4801 dividend. The ex-dividend date is Tuesday, March 25th.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Several hedge funds have recently modified their holdings of the company. Boothbay Fund Management LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth approximately $5,921,000. Jump Financial LLC grew its holdings in Direxion Daily Regional Banks Bull 3x Shares by 18.2% in the fourth quarter. Jump Financial LLC now owns 34,042 shares of the company’s stock worth $3,740,000 after purchasing an additional 5,253 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter worth $3,731,000. Toth Financial Advisory Corp lifted its holdings in shares of 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 during the last quarter. Finally, DRW Securities LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter worth $967,000.

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.