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

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares gapped down prior to trading 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 stock has a market cap of $512.63 million, a price-to-earnings ratio of 12.97 and a beta of 2.95. The company’s 50 day moving average is $116.97 and its 200 day moving average is $117.18.

Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3x Shares

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Boothbay Fund Management LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at $5,921,000. Jump Financial LLC grew its stake in Direxion Daily Regional Banks Bull 3x Shares by 18.2% in the 4th quarter. Jump Financial LLC now owns 34,042 shares of the company’s stock valued at $3,740,000 after acquiring an additional 5,253 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter valued at about $3,731,000. Toth Financial Advisory Corp increased its holdings in 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 acquiring an additional 3,676 shares in the last quarter. Finally, DRW Securities LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter worth about $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.