Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Up 12.1% – Should You Buy?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price shot up 12.1% on Wednesday . The stock traded as high as $122.01 and last traded at $123.6870. 387,955 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 434,910 shares. The stock had previously closed at $110.32.

Direxion Daily Regional Banks Bull 3x Shares Trading Up 13.2%

The firm’s fifty day simple moving average is $102.35 and its 200 day simple moving average is $98.73. The company has a market cap of $670.48 million, a price-to-earnings ratio of 10.48 and a beta of 2.67.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 valued at $55,000 after acquiring an additional 129 shares during the last quarter. Toth Financial Advisory Corp increased its stake in Direxion Daily Regional Banks Bull 3x Shares by 4.0% in the third quarter. Toth Financial Advisory Corp now owns 3,736 shares of the company’s stock valued at $374,000 after purchasing an additional 142 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in Direxion Daily Regional Banks Bull 3x Shares by 4.9% during the third quarter. Orion Porfolio Solutions LLC now owns 4,462 shares of the company’s stock worth $446,000 after purchasing an additional 209 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in Direxion Daily Regional Banks Bull 3x Shares by 77.3% during the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock worth $51,000 after purchasing an additional 218 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 1.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 33,282 shares of the company’s stock worth $2,889,000 after buying an additional 356 shares during the last quarter.

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.