Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading Up 9.4% – Here’s What Happened

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares were up 9.4% during trading on Friday . The company traded as high as $84.29 and last traded at $86.46. Approximately 366,646 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 893,334 shares. The stock had previously closed at $79.02.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 10.9%

The firm has a 50-day moving average of $91.68 and a two-hundred day moving average of $91.22. The company has a market capitalization of $860.35 million, a PE ratio of 10.48 and a beta of 2.67.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Several institutional investors and hedge funds have recently bought and sold shares of DPST. SOA Wealth Advisors LLC. acquired a new stake in shares of 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 worth approximately $40,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at approximately $42,000. Allworth Financial LP purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares in the second quarter valued at approximately $49,000. Finally, Wealth Preservation Advisors LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the first quarter worth $78,000.

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.