Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Short Interest Update

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 369,799 shares, a decrease of 16.4% from the January 15th total of 442,437 shares. Based on an average daily trading volume, of 484,731 shares, the days-to-cover ratio is presently 0.8 days. Currently, 7.4% of the company’s stock are sold short. Currently, 7.4% of the company’s stock are sold short. Based on an average daily trading volume, of 484,731 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DPST. SOA Wealth Advisors LLC. bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at $28,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at about $40,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth about $42,000. Allworth Financial LP bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the second quarter worth approximately $49,000. Finally, Banco Santander S.A. purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $201,000.

Direxion Daily Regional Banks Bull 3x Shares Trading Up 2.3%

Shares of DPST traded up $2.90 during trading hours on Monday, reaching $129.72. 563,578 shares of the stock traded hands, compared to its average volume of 516,139. Direxion Daily Regional Banks Bull 3x Shares has a 52 week low of $46.00 and a 52 week high of $146.09. The stock has a fifty day simple moving average of $115.80 and a 200 day simple moving average of $102.12. The company has a market cap of $651.19 million, a price-to-earnings ratio of 10.48 and a beta of 2.67.

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.