Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) Stock Price Down 1.2% – Here’s Why

Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) shares traded down 1.2% during mid-day trading on Monday . The company traded as low as $123.00 and last traded at $123.05. Approximately 129,530 shares were traded during trading, a decline of 70% from the average session volume of 427,180 shares. The stock had previously closed at $124.58.

Direxion Daily Regional Banks Bull 3X ETF Trading Down 1.2%

The business has a 50 day moving average of $140.89 and a 200-day moving average of $123.58. The stock has a market cap of $371.61 million, a PE ratio of 10.48 and a beta of 2.50.

Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3X ETF

Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3X ETF during the first quarter worth $2,832,000. Virtu Financial LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3X ETF during the 4th quarter valued at about $1,523,000. IMC Chicago LLC raised its stake in Direxion Daily Regional Banks Bull 3X ETF by 11.3% during the first quarter. IMC Chicago LLC now owns 27,872 shares of the company’s stock worth $2,694,000 after acquiring an additional 2,833 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in Direxion Daily Regional Banks Bull 3X ETF by 671.6% during the second quarter. Parkside Financial Bank & Trust now owns 517 shares of the company’s stock worth $73,000 after acquiring an additional 450 shares during the period.

About Direxion Daily Regional Banks Bull 3X ETF

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.