Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Sees Large Decrease in Short Interest

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 305,673 shares, a drop of 17.3% from the January 29th total of 369,799 shares. Currently, 6.1% of the company’s stock are short sold. Based on an average daily trading volume, of 615,142 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 615,142 shares, the short-interest ratio is currently 0.5 days. Currently, 6.1% of the company’s stock are short sold.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

A number of hedge funds have recently bought and sold shares of the stock. Simplex Trading LLC increased its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 30.7% in the 2nd quarter. Simplex Trading LLC now owns 6,887 shares of the company’s stock valued at $597,000 after acquiring an additional 1,616 shares during the period. 1ST Source Bank bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the second quarter valued at about $434,000. Allworth Financial LP purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the second quarter valued at about $49,000. SBI Securities Co. Ltd. grew its stake in Direxion Daily Regional Banks Bull 3x Shares by 1.1% in the second quarter. SBI Securities Co. Ltd. now owns 33,282 shares of the company’s stock valued at $2,889,000 after purchasing an additional 356 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the second quarter worth about $6,448,000.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

NYSEARCA:DPST opened at $107.71 on Thursday. Direxion Daily Regional Banks Bull 3x Shares has a 1-year low of $46.00 and a 1-year high of $146.09. The company has a 50-day moving average of $118.34 and a 200 day moving average of $104.86. The firm has a market cap of $540.70 million, a PE 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.