Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Down 10.6% – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) were down 10.6% during mid-day trading on Monday . The stock traded as low as $77.53 and last traded at $76.2450. Approximately 482,972 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 896,974 shares. The stock had previously closed at $85.29.

Direxion Daily Regional Banks Bull 3x Shares Stock Down 11.4%

The stock has a market capitalization of $742.29 million, a PE ratio of 10.48 and a beta of 2.67. The company has a 50-day moving average of $94.13 and a 200 day moving average of $91.34.

Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3x Shares

Several large investors have recently modified their holdings of the company. Orion Porfolio Solutions LLC increased its position in Direxion Daily Regional Banks Bull 3x Shares by 4.9% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 4,462 shares of the company’s stock worth $446,000 after purchasing an additional 209 shares during the period. Choreo LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at $200,000. Great Hill Capital LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at $307,000. IMC Chicago LLC increased its position in Direxion Daily Regional Banks Bull 3x Shares by 329.1% during the 3rd quarter. IMC Chicago LLC now owns 60,257 shares of the company’s stock worth $6,029,000 after purchasing an additional 46,213 shares in the last quarter. Finally, Stephens Inc. AR acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth about $210,000.

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.