Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading Up 6.5% – Should You Buy?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price were up 6.5% on Tuesday . The company traded as high as $109.50 and last traded at $109.33. Approximately 384,825 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 732,139 shares. The stock had previously closed at $102.70.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The stock’s 50 day simple moving average is $131.09 and its two-hundred day simple moving average is $109.24. The firm has a market cap of $1.17 billion, a P/E ratio of 105.26 and a beta of 3.98.

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

A number of hedge funds have recently bought and sold shares of the company. Orion Portfolio Solutions LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the third quarter worth about $349,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at approximately $48,000. Verus Capital Partners LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter worth approximately $252,000. Toth Financial Advisory Corp lifted its position in 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 valued at $900,000 after acquiring an additional 1,801 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at approximately $2,285,000.

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.