Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp trimmed its stake in shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) by 29.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,101 shares of the company’s stock after selling 450 shares during the period. Fifth Third Bancorp’s holdings in Direxion Daily Regional Banks Bull 3x Shares were worth $95,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boothbay Fund Management LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $5,921,000. SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth $3,731,000. DRW Securities LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter worth about $967,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter worth about $935,000. Finally, Jump Financial LLC boosted its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 18.2% in the 4th quarter. Jump Financial LLC now owns 34,042 shares of the company’s stock worth $3,740,000 after buying an additional 5,253 shares in the last quarter.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

DPST opened at $74.14 on Friday. Direxion Daily Regional Banks Bull 3x Shares has a 1 year low of $46.00 and a 1 year high of $174.22. The firm has a 50 day moving average price of $73.77 and a 200 day moving average price of $96.52. The company has a market cap of $535.29 million, a PE ratio of 10.48 and a beta of 2.61.

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.