Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) Stock Breaks Below 200 Day Moving Average – What’s Next?

Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST)’s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $121.94 and traded as low as $116.62. Direxion Daily Regional Banks Bull 3X ETF shares last traded at $120.81, with a volume of 136,319 shares trading hands.

Direxion Daily Regional Banks Bull 3X ETF Price Performance

The business has a fifty day moving average price of $122.36 and a two-hundred day moving average price of $121.94. The firm has a market capitalization of $310.48 million, a price-to-earnings ratio of 10.48 and a beta of 2.62.

Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3X ETF

A number of large investors have recently bought and sold shares of DPST. SBI Securities Co. Ltd. boosted its position in Direxion Daily Regional Banks Bull 3X ETF by 6.2% in the third quarter. SBI Securities Co. Ltd. now owns 5,246 shares of the company’s stock valued at $574,000 after buying an additional 308 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Direxion Daily Regional Banks Bull 3X ETF by 671.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 517 shares of the company’s stock worth $73,000 after buying an additional 450 shares during the period. Toth Financial Advisory Corp purchased a new position in Direxion Daily Regional Banks Bull 3X ETF during the 3rd quarter worth approximately $197,000. IMC Chicago LLC raised its position in Direxion Daily Regional Banks Bull 3X ETF by 11.3% during the 1st quarter. IMC Chicago LLC now owns 27,872 shares of the company’s stock worth $2,694,000 after buying an additional 2,833 shares during the last quarter. Finally, Genesee Capital Advisors LLC purchased a new position in Direxion Daily Regional Banks Bull 3X ETF during the 3rd quarter worth approximately $388,000.

Direxion Daily Regional Banks Bull 3X ETF 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.