Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Up 3.1% – Should You Buy?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price shot up 3.1% during trading on Tuesday . The stock traded as high as $112.98 and last traded at $112.38. 313,792 shares were traded during trading, a decline of 25% from the average session volume of 418,296 shares. The stock had previously closed at $109.03.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The company has a market capitalization of $682.15 million, a price-to-earnings ratio of 10.48 and a beta of 2.67. The firm’s 50-day simple moving average is $96.57 and its 200-day simple moving average is $97.23.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

A number of institutional investors and hedge funds have recently modified their holdings of DPST. Toth Financial Advisory Corp lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 12.5% in the second quarter. Toth Financial Advisory Corp now owns 3,594 shares of the company’s stock worth $312,000 after purchasing an additional 398 shares during the period. REDW Wealth LLC lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 20.0% during the 2nd quarter. REDW Wealth LLC now owns 3,000 shares of the company’s stock worth $260,000 after acquiring an additional 500 shares during the period. Simplex Trading LLC lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 30.7% during the 2nd quarter. Simplex Trading LLC now owns 6,887 shares of the company’s stock worth $597,000 after acquiring an additional 1,616 shares during the period. 1ST Source Bank acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter valued at about $434,000. Finally, Allworth Financial LP bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the second quarter valued at about $49,000.

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.