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

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price gapped up prior to trading 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 trading hands.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The company has a fifty day moving average price of $111.75 and a two-hundred day moving average price of $115.90. The company has a market capitalization of $634.89 million, a P/E ratio of 11.58 and a beta of 2.95.

Direxion Daily Regional Banks Bull 3x Shares Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.4801 per share. The ex-dividend date of this dividend is Tuesday, March 25th.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Several institutional investors have recently modified their holdings of DPST. Boothbay Fund Management LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter valued at approximately $5,921,000. Jump Financial LLC increased its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 18.2% during the fourth quarter. Jump Financial LLC now owns 34,042 shares of the company’s stock worth $3,740,000 after buying an additional 5,253 shares during the period. SBI Securities Co. Ltd. bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter worth $3,731,000. Toth Financial Advisory Corp lifted its holdings in Direxion Daily Regional Banks Bull 3x Shares by 40.6% in the fourth quarter. Toth Financial Advisory Corp now owns 12,723 shares of the company’s stock valued at $1,398,000 after buying an additional 3,676 shares during the period. Finally, DRW Securities LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at $967,000.

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.