Hollencrest Capital Management Acquires 77,759 Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)

Hollencrest Capital Management boosted its stake in Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) by 30,734.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,012 shares of the company’s stock after purchasing an additional 77,759 shares during the period. Hollencrest Capital Management owned about 0.96% of Direxion Daily Regional Banks Bull 3x Shares worth $6,755,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Orion Portfolio Solutions LLC boosted its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 8.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 3,801 shares of the company’s stock valued at $418,000 after purchasing an additional 294 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at $55,000. Two Sigma Securities LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at $218,000. REDW Wealth LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares during the first quarter valued at $216,000. Finally, Vienna Asset Management LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth about $275,000.

Direxion Daily Regional Banks Bull 3x Shares Trading Up 2.0%

Shares of Direxion Daily Regional Banks Bull 3x Shares stock opened at $104.25 on Friday. The firm has a market cap of $753.09 million, a PE ratio of 10.48 and a beta of 2.99. Direxion Daily Regional Banks Bull 3x Shares has a 12 month low of $46.00 and a 12 month high of $174.22. The stock has a 50 day moving average of $85.58 and a 200 day moving average of $92.00.

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.