Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading Down 5.3% – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) were down 5.3% during trading on Wednesday . The stock traded as low as $94.11 and last traded at $92.59. Approximately 388,696 shares were traded during trading, a decline of 43% from the average daily volume of 680,336 shares. The stock had previously closed at $97.81.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The stock has a market cap of $616.89 million, a price-to-earnings ratio of 12.97 and a beta of 2.95. The company’s 50 day moving average is $118.19 and its 200 day moving average is $117.17.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter worth about $28,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth approximately $48,000. Anchor Investment Management LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at approximately $55,000. Lindbrook Capital LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter valued at $77,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth $218,000.

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.