Baker Avenue Asset Management LP Makes New $439,000 Investment in Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)

Baker Avenue Asset Management LP bought a new stake in Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,000 shares of the company’s stock, valued at approximately $439,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DPST. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at about $28,000. Anchor Investment Management LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at about $55,000. Lindbrook Capital LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at approximately $77,000. Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth approximately $218,000. Finally, Elevatus Welath Management purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter valued at approximately $377,000.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

Shares of Direxion Daily Regional Banks Bull 3x Shares stock opened at $75.17 on Tuesday. The stock has a 50 day moving average of $76.17 and a 200 day moving average of $108.71. The firm has a market capitalization of $610.38 million, a price-to-earnings ratio of 8.41 and a beta of 2.56. Direxion Daily Regional Banks Bull 3x Shares has a fifty-two week low of $46.00 and a fifty-two week high of $174.22.

Direxion Daily Regional Banks Bull 3x Shares 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.