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

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $75.37, but opened at $77.56. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $77.69, with a volume of 1,498,408 shares trading hands.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The company has a 50-day simple moving average of $101.56 and a 200-day simple moving average of $87.49. The firm has a market cap of $671.12 million, a PE ratio of 10.48 and a beta of 2.99.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

A number of large investors have recently modified their holdings of the company. Toth Financial Advisory Corp boosted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 4.0% in the third quarter. Toth Financial Advisory Corp now owns 3,736 shares of the company’s stock valued at $374,000 after purchasing an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at approximately $42,000. Orion Porfolio Solutions LLC boosted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 48.0% in the second quarter. Orion Porfolio Solutions LLC now owns 4,253 shares of the company’s stock valued at $369,000 after purchasing an additional 1,379 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 18.0% in the second quarter. Tower Research Capital LLC TRC now owns 29,272 shares of the company’s stock valued at $2,541,000 after purchasing an additional 4,463 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the second quarter valued at approximately $6,448,000.

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.