Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Sees Large Volume Increase – Should You Buy?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) saw an uptick in trading volume on Friday . 1,446,783 shares changed hands during mid-day trading, an increase of 169% from the previous session’s volume of 538,257 shares.The stock last traded at $102.6520 and had previously closed at $123.56.

Direxion Daily Regional Banks Bull 3x Shares Stock Down 15.4%

The firm has a market capitalization of $525.04 million, a PE ratio of 10.48 and a beta of 2.67. The stock’s fifty day simple moving average is $118.68 and its 200 day simple moving average is $104.41.

Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3x Shares

Institutional investors and hedge funds have recently bought and sold shares of the stock. SOA Wealth Advisors LLC. bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the third quarter valued at about $28,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at about $40,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at about $42,000. Allworth Financial LP bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter valued at approximately $49,000. Finally, Choreo LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth approximately $200,000.

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.