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 stock price gapped down before the market opened on Tuesday . The stock had previously closed at $143.74, but opened at $136.40. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $139.17, with a volume of 172,694 shares traded.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The business has a fifty day moving average price of $110.09 and a 200 day moving average price of $91.77. The company has a market capitalization of $1.39 billion, a PE ratio of 105.26 and a beta of 3.98.

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

A number of large investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its holdings in Direxion Daily Regional Banks Bull 3x Shares by 172.1% during the 1st quarter. Jane Street Group LLC now owns 57,574 shares of the company’s stock worth $4,582,000 after buying an additional 36,417 shares during the last quarter. Verus Capital Partners LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth approximately $252,000. Toth Financial Advisory Corp lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 24.9% in the 3rd quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock worth $900,000 after purchasing an additional 1,801 shares during the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter valued at approximately $2,285,000. Finally, Orion Portfolio Solutions LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at approximately $349,000.

About Direxion Daily Regional Banks Bull 3x Shares

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.