Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) Shares Climb 1.9% – What’s Next?

Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) shares shot up 1.9% on Monday. The stock traded as high as $111.20 and last traded at $109.20. 133,582 shares changed hands during trading, a decline of 68% from the average session volume of 414,060 shares. The stock had previously closed at $107.20.

Direxion Daily Regional Banks Bull 3X ETF Stock Up 1.9%

The firm has a 50 day moving average of $130.78 and a 200 day moving average of $125.73. The firm has a market cap of $302.48 million, a PE ratio of 10.48 and a beta of 2.62.

Institutional Trading of Direxion Daily Regional Banks Bull 3X ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its stake in shares of Direxion Daily Regional Banks Bull 3X ETF by 671.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 517 shares of the company’s stock valued at $73,000 after purchasing an additional 450 shares in the last quarter. Toth Financial Advisory Corp purchased a new position in Direxion Daily Regional Banks Bull 3X ETF in the 3rd quarter worth approximately $197,000. IMC Chicago LLC increased its stake in shares of Direxion Daily Regional Banks Bull 3X ETF by 11.3% in the first quarter. IMC Chicago LLC now owns 27,872 shares of the company’s stock worth $2,694,000 after buying an additional 2,833 shares during the period. Virtu Financial LLC purchased a new stake in Direxion Daily Regional Banks Bull 3X ETF during the 4th quarter valued at $1,523,000. Finally, Renaissance Technologies LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3X ETF during the first quarter valued at about $2,832,000.

Direxion Daily Regional Banks Bull 3X ETF 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.