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

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $84.76, but opened at $81.25. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $85.74, with a volume of 80,795 shares trading hands.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 1.4 %

The business’s 50 day simple moving average is $108.26 and its 200 day simple moving average is $115.80. The company has a market capitalization of $581.71 million, a PE ratio of 11.58 and a beta of 2.95.

Direxion Daily Regional Banks Bull 3x Shares Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.4801 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Large investors have recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth approximately $48,000. Orion Portfolio Solutions LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth $349,000. Toth Financial Advisory Corp raised its holdings in Direxion Daily Regional Banks Bull 3x Shares by 40.6% in the 4th quarter. Toth Financial Advisory Corp now owns 12,723 shares of the company’s stock worth $1,398,000 after acquiring an additional 3,676 shares during the period. KG&L Capital Management LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at about $936,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at about $3,731,000.

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.