Direxion Daily Regional Banks Bull 3x Shares $DPST Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management cut its holdings in Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) by 99.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 360 shares of the company’s stock after selling 77,652 shares during the quarter. Hollencrest Capital Management’s holdings in Direxion Daily Regional Banks Bull 3x Shares were worth $31,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jump Financial LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the second quarter worth about $6,448,000. SBI Securities Co. Ltd. raised its stake in Direxion Daily Regional Banks Bull 3x Shares by 1.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 33,282 shares of the company’s stock valued at $2,889,000 after acquiring an additional 356 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 18.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 29,272 shares of the company’s stock worth $2,541,000 after acquiring an additional 4,463 shares during the period. Simplex Trading LLC lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 30.7% during the 2nd quarter. Simplex Trading LLC now owns 6,887 shares of the company’s stock worth $597,000 after acquiring an additional 1,616 shares during the period. Finally, 1ST Source Bank acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the second quarter valued at approximately $434,000.

Direxion Daily Regional Banks Bull 3x Shares Trading Up 0.8%

NYSEARCA:DPST opened at $111.89 on Tuesday. Direxion Daily Regional Banks Bull 3x Shares has a 12-month low of $46.00 and a 12-month high of $138.00. The stock’s 50 day simple moving average is $90.18 and its 200-day simple moving average is $93.68. The firm has a market cap of $1.10 billion, a P/E ratio of 10.48 and a beta of 2.67.

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.