Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Hits New 12-Month High – Still a Buy?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares reached a new 52-week high on Wednesday . The company traded as high as $159.08 and last traded at $157.41, with a volume of 472895 shares. The stock had previously closed at $150.10.

Direxion Daily Regional Banks Bull 3x Shares Stock Down 1.7 %

The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 105.26 and a beta of 3.98. The business has a 50-day simple moving average of $107.03 and a two-hundred day simple moving average of $89.98.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its position in Direxion Daily Regional Banks Bull 3x Shares by 172.1% during the first 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. Virtu Financial LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the second quarter worth $2,285,000. Verus Capital Partners LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at about $252,000. Toth Financial Advisory Corp grew its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 24.9% in the third quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock valued at $900,000 after purchasing an additional 1,801 shares during the last quarter. Finally, Quantbot Technologies LP grew its position 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 during the last quarter.

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.