Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading Up 5.1%

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) traded up 5.1% during trading on Wednesday . The company traded as high as $74.28 and last traded at $74.21. 356,160 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 1,458,590 shares. The stock had previously closed at $70.62.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The business has a fifty day moving average of $75.33 and a 200-day moving average of $70.02. The stock has a market cap of $642.21 million, a PE ratio of 10.46 and a beta of 2.99.

Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3x Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in DPST. Squarepoint Ops LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares during the first quarter valued at approximately $3,323,000. Bank of America Corp DE lifted its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 12,743.4% during the 1st quarter. Bank of America Corp DE now owns 124,067 shares of the company’s stock worth $957,000 after purchasing an additional 123,101 shares during the last quarter. Jane Street Group LLC boosted its position in Direxion Daily Regional Banks Bull 3x Shares by 361.5% during the first quarter. Jane Street Group LLC now owns 93,658 shares of the company’s stock valued at $722,000 after purchasing an additional 73,365 shares in the last quarter. Elevatus Welath Management purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at about $7,493,000. Finally, JPMorgan Chase & Co. bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the first quarter worth about $561,000.

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.