Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $122.32 and traded as low as $119.59. Direxion Daily Regional Banks Bull 3X ETF shares last traded at $120.82, with a volume of 610,262 shares trading hands.

Direxion Daily Regional Banks Bull 3X ETF Trading Down 7.4%

The firm has a 50 day moving average price of $120.91 and a 200-day moving average price of $122.32. The firm has a market cap of $316.55 million, a price-to-earnings ratio of 10.48 and a beta of 2.61.

Institutional Trading of Direxion Daily Regional Banks Bull 3X ETF

Institutional investors have recently modified their holdings of the company. Simplex Trading LLC purchased a new stake in Direxion Daily Regional Banks Bull 3X ETF during the third quarter worth approximately $322,000. SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily Regional Banks Bull 3X ETF by 6.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 5,246 shares of the company’s stock valued at $574,000 after acquiring an additional 308 shares in the last quarter. Genesee Capital Advisors LLC purchased a new stake in Direxion Daily Regional Banks Bull 3X ETF during the 3rd quarter worth $388,000. Toth Financial Advisory Corp purchased a new stake in Direxion Daily Regional Banks Bull 3X ETF during the 3rd quarter worth $197,000. Finally, Parkside Financial Bank & Trust increased its holdings in 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.

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.