Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Up to $66.18

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) gapped up prior to trading on Friday . The stock had previously closed at $66.18, but opened at $68.14. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $68.61, with a volume of 342,492 shares trading hands.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 7.3 %

The company has a 50-day simple moving average of $70.55 and a two-hundred day simple moving average of $87.65. The stock has a market cap of $573.13 million, a P/E ratio of 10.46 and a beta of 2.99.

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

Several hedge funds have recently made changes to their positions in DPST. Bank of Montreal Can purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares in the second quarter worth $40,000. Signaturefd LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares in the second quarter worth $46,000. Viewpoint Capital Management LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares in the second quarter worth $65,000. Quantbot Technologies LP purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares in the second quarter worth $47,000. Finally, Simplex Trading LLC grew its stake in Direxion Daily Regional Banks Bull 3x Shares by 366.1% in the fourth quarter. Simplex Trading LLC now owns 3,519 shares of the company’s stock worth $79,000 after purchasing an additional 2,764 shares during the period.

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.