Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Down 1.5% – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price dropped 1.5% on Wednesday . The stock traded as low as $140.70 and last traded at $143.75. Approximately 174,337 shares were traded during trading, a decline of 65% from the average daily volume of 491,250 shares. The stock had previously closed at $145.92.

Direxion Daily Regional Banks Bull 3x Shares Stock Down 1.5%

The stock has a market capitalization of $448.50 million, a PE ratio of 10.48 and a beta of 2.52. The stock’s 50 day moving average price is $128.00 and its 200-day moving average price is $117.69.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pin Oak Investment Advisors Inc. bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter worth about $40,000. SOA Wealth Advisors LLC. raised its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 77.3% during the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock valued at $51,000 after acquiring an additional 218 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 31.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 545 shares of the company’s stock valued at $55,000 after acquiring an additional 129 shares in the last quarter. Banco Santander S.A. purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $201,000. Finally, XTX Topco Ltd purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at approximately $244,000.

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.