Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Up 1.5% – Time to Buy?

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) traded up 1.5% during mid-day trading on Monday . The company traded as high as $84.27 and last traded at $81.96. 731,961 shares were traded during mid-day trading, a decline of 32% from the average session volume of 1,081,614 shares. The stock had previously closed at $80.78.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The company has a 50 day moving average of $70.55 and a 200-day moving average of $100.22. The company has a market cap of $591.75 million, a P/E ratio of 10.48 and a beta of 2.61.

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

Several hedge funds have recently bought and sold shares of DPST. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at $28,000. Anchor Investment Management LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth approximately $55,000. Lindbrook Capital LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter worth approximately $77,000. Wealth Preservation Advisors LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the first quarter valued at approximately $78,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the first quarter valued at approximately $105,000.

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.