Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Up – What’s Next?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $108.20, but opened at $113.95. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $114.43, with a volume of 532,655 shares trading hands.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The firm has a fifty day moving average of $132.11 and a two-hundred day moving average of $102.90. The stock has a market capitalization of $1.10 billion, a P/E ratio of 105.26 and a beta of 3.98.

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

A number of large investors have recently bought and sold shares of the business. Safe Harbor Fiduciary LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at about $48,000. Viewpoint Capital Management LLC boosted its stake in Direxion Daily Regional Banks Bull 3x Shares by 7.3% in the second quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock valued at $155,000 after acquiring an additional 150 shares in the last quarter. Verus Capital Partners LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at approximately $252,000. Orion Portfolio Solutions LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth $349,000. Finally, Toth Financial Advisory Corp increased its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 24.9% during the third quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock worth $900,000 after purchasing an additional 1,801 shares in 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.