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

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) gapped down prior to trading on Thursday . The stock had previously closed at $121.19, but opened at $118.55. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $118.53, with a volume of 205,130 shares traded.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 4.5 %

The stock’s 50 day moving average price is $130.38 and its 200-day moving average price is $109.67. The stock has a market capitalization of $1.22 billion, a PE ratio of 105.26 and a beta of 3.98.

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

Institutional investors have recently bought and sold shares of the stock. Orion Portfolio Solutions LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at $349,000. Verus Capital Partners LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at $252,000. Toth Financial Advisory Corp lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 24.9% during 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, Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter worth about $48,000.

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.