Short Interest in Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Increases By 47.3%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 640,394 shares, an increase of 47.3% from the February 26th total of 434,641 shares. Approximately 12.8% of the shares of the company are sold short. Based on an average trading volume of 1,050,015 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

A number of institutional investors and hedge funds have recently made changes to their positions in DPST. Jump Financial LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at $6,448,000. Orion Porfolio Solutions LLC lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 48.0% in the second quarter. Orion Porfolio Solutions LLC now owns 4,253 shares of the company’s stock worth $369,000 after acquiring an additional 1,379 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 18.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 29,272 shares of the company’s stock valued at $2,541,000 after purchasing an additional 4,463 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at approximately $42,000. Finally, Toth Financial Advisory Corp grew its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 4.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 3,736 shares of the company’s stock valued at $374,000 after purchasing an additional 142 shares during the last quarter.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

NYSEARCA:DPST traded down $5.01 during mid-day trading on Friday, reaching $89.10. 381,384 shares of the company’s stock were exchanged, compared to its average volume of 628,390. The firm has a market capitalization of $447.28 million, a PE ratio of 10.48 and a beta of 2.67. Direxion Daily Regional Banks Bull 3x Shares has a one year low of $46.00 and a one year high of $146.09. The business’s fifty day simple moving average is $112.42 and its two-hundred day simple moving average is $103.11.

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.