Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Down 7.8% – Should You Sell?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) fell 7.8% on Monday . The company traded as low as $127.80 and last traded at $122.8510. 64,141 shares traded hands during trading, a decline of 87% from the average session volume of 487,248 shares. The stock had previously closed at $133.28.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The firm’s fifty day moving average is $118.12 and its two-hundred day moving average is $103.71. The firm has a market cap of $583.50 million, a price-to-earnings ratio of 10.48 and a beta of 2.67.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Hedge funds and other institutional investors have recently modified their holdings of the company. 1ST Source Bank purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at approximately $434,000. Jump Financial LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter valued at $6,448,000. IMC Chicago LLC lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 329.1% in the third quarter. IMC Chicago LLC now owns 60,257 shares of the company’s stock valued at $6,029,000 after purchasing an additional 46,213 shares in the last quarter. Simplex Trading LLC lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 30.7% in the second quarter. Simplex Trading LLC now owns 6,887 shares of the company’s stock valued at $597,000 after purchasing an additional 1,616 shares in the last quarter. Finally, Choreo LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter worth $200,000.

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.