Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading Up 4.9%

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shot up 4.9% during mid-day trading on Monday . The stock traded as high as $101.00 and last traded at $100.94. 798,325 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 1,384,264 shares. The stock had previously closed at $96.21.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The firm’s 50-day simple moving average is $97.43 and its 200 day simple moving average is $80.13. The stock has a market capitalization of $981.88 million, a P/E ratio of 105.26 and a beta of 3.98.

Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3x Shares

A number of large investors have recently bought and sold shares of DPST. Viewpoint Capital Management LLC lifted its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 7.3% during the 2nd quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock valued at $155,000 after buying an additional 150 shares in the last quarter. Toth Financial Advisory Corp lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 2.1% during the 1st quarter. Toth Financial Advisory Corp now owns 23,917 shares of the company’s stock valued at $1,903,000 after acquiring an additional 499 shares during the period. Quantbot Technologies LP raised its holdings in Direxion Daily Regional Banks Bull 3x Shares by 27.9% in the first quarter. Quantbot Technologies LP now owns 4,000 shares of the company’s stock worth $318,000 after buying an additional 873 shares during the last quarter. Simplex Trading LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the first quarter valued at approximately $263,000. Finally, Virtu Financial LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at approximately $3,006,000.

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.