Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST – Get Free Report) rose 0.7% during mid-day trading on Monday . The company traded as high as $120.23 and last traded at $117.03. Approximately 263,193 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 538,117 shares. The stock had previously closed at $116.26.
Direxion Daily Regional Banks Bull 3x Shares Trading Up 0.7%
The stock has a market capitalization of $493.87 million, a PE ratio of 10.48 and a beta of 2.55. The stock has a 50 day moving average price of $111.33 and a 200-day moving average price of $109.72.
Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3x Shares
Institutional investors and hedge funds have recently modified their holdings of the company. Pin Oak Investment Advisors Inc. purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter worth $40,000. SOA Wealth Advisors LLC. boosted 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 worth $51,000 after buying an additional 218 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 31.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 545 shares of the company’s stock worth $55,000 after buying an additional 129 shares during the last quarter. Banco Santander S.A. purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter worth $201,000. Finally, Choreo LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter worth $200,000.
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.
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