Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Down 3.8% – What’s Next?

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) were down 3.8% during trading on Wednesday . The stock traded as low as $123.03 and last traded at $122.71. Approximately 240,764 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 809,827 shares. The stock had previously closed at $127.52.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The firm has a market cap of $1.23 billion, a P/E ratio of 105.26 and a beta of 3.98. The firm’s fifty day simple moving average is $128.39 and its 200 day simple moving average is $111.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. KG&L Capital Management LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at $936,000. Toth Financial Advisory Corp raised its position in shares of 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 buying an additional 3,676 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at about $349,000. Safe Harbor Fiduciary LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at approximately $48,000. Finally, Verus Capital Partners LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the third quarter worth $252,000.

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.