Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Short Interest Update

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 472,508 shares, a decrease of 26.2% from the March 15th total of 640,394 shares. Approximately 10.0% of the shares of the company are sold short. Based on an average daily volume of 501,896 shares, the short-interest ratio is presently 0.9 days.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 1.5%

DPST stock traded down $1.73 on Thursday, hitting $113.20. The company had a trading volume of 199,810 shares, compared to its average volume of 595,354. The stock has a market cap of $494.68 million, a price-to-earnings ratio of 10.48 and a beta of 2.60. The stock’s 50-day simple moving average is $108.99 and its 200 day simple moving average is $103.16. Direxion Daily Regional Banks Bull 3x Shares has a 12-month low of $54.53 and a 12-month high of $146.09.

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

A number of institutional investors and hedge funds have recently modified their holdings of DPST. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth approximately $1,523,000. XTX Topco Ltd bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter valued at about $244,000. Quadrature Capital Ltd bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at approximately $3,841,000. Jump Financial LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth about $360,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 109.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 42,423 shares of the company’s stock worth $4,286,000 after purchasing an additional 22,178 shares during the last quarter.

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.