Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Hits New 1-Year High – Here’s What Happened

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) reached a new 52-week high during trading on Tuesday . The company traded as high as $146.09 and last traded at $142.48, with a volume of 444350 shares changing hands. The stock had previously closed at $143.51.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The business’s 50 day moving average is $115.20 and its 200 day moving average is $101.76. The stock has a market cap of $636.64 million, a price-to-earnings ratio of 10.48 and a beta of 2.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Direxion Daily Regional Banks Bull 3x Shares by 31.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 545 shares of the company’s stock valued at $55,000 after buying an additional 129 shares in the last quarter. Toth Financial Advisory Corp raised its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 4.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,736 shares of the company’s stock valued at $374,000 after buying an additional 142 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in Direxion Daily Regional Banks Bull 3x Shares by 4.9% during the third quarter. Orion Porfolio Solutions LLC now owns 4,462 shares of the company’s stock valued at $446,000 after purchasing an additional 209 shares in the last quarter. SOA Wealth Advisors LLC. grew its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 77.3% in the 4th quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock valued at $51,000 after purchasing an additional 218 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 1.1% during the second quarter. SBI Securities Co. Ltd. now owns 33,282 shares of the company’s stock valued at $2,889,000 after acquiring an additional 356 shares during the period.

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.