Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Sees Large Volume Increase

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) saw unusually-strong trading volume on Thursday . Approximately 644,070 shares were traded during trading, a decline of 54% from the previous session’s volume of 1,403,235 shares.The stock last traded at $89.77 and had previously closed at $82.61.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The company has a market capitalization of $897.36 million, a PE ratio of 105.26 and a beta of 3.98. The stock’s fifty day simple moving average is $80.16 and its 200-day simple moving average is $74.58.

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

Institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at approximately $28,000. Capital Investment Advisory Services LLC raised its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 252.5% in the 4th quarter. Capital Investment Advisory Services LLC now owns 564 shares of the company’s stock worth $55,000 after buying an additional 404 shares in the last quarter. Viewpoint Capital Management LLC boosted its holdings in Direxion Daily Regional Banks Bull 3x Shares by 7.3% during the second quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock worth $155,000 after buying an additional 150 shares in the last quarter. Simplex Trading LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 1st quarter worth about $263,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 27.9% in the first quarter. Quantbot Technologies LP now owns 4,000 shares of the company’s stock valued at $318,000 after purchasing an additional 873 shares in the last quarter.

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.