Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Sees Strong Trading Volume

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) saw unusually-strong trading volume on Thursday . Approximately 644,070 shares were traded during mid-day trading, a decline of 54% from the previous session’s volume of 1,403,235 shares.The stock last traded at $89.77 and had previously closed at $82.61.

Direxion Daily Regional Banks Bull 3x Shares Trading Up 9.5 %

The company’s fifty day moving average is $80.16 and its 200 day moving average is $74.58. The company has a market capitalization of $897.36 million, a P/E ratio of 105.26 and a beta of 3.98.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Elevatus Welath Management bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter worth approximately $7,493,000. Toth Financial Advisory Corp lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 2.1% during the first quarter. Toth Financial Advisory Corp now owns 23,917 shares of the company’s stock valued at $1,903,000 after buying an additional 499 shares during the period. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter worth about $3,006,000. Headlands Technologies LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter worth about $28,000. Finally, Jane Street Group LLC lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 172.1% during the 1st quarter. Jane Street Group LLC now owns 57,574 shares of the company’s stock valued at $4,582,000 after acquiring an additional 36,417 shares during the period.

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.