Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Down 4.6%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) were down 4.6% on Wednesday . The company traded as low as $97.50 and last traded at $97.78. Approximately 699,982 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 1,386,460 shares. The stock had previously closed at $102.53.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 3.5 %

The firm has a market capitalization of $981.29 million, a P/E ratio of 105.26 and a beta of 3.98. The company has a 50-day moving average of $90.79 and a 200-day moving average of $76.98.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Institutional investors have recently added to or reduced their stakes in the stock. Viewpoint Capital Management LLC grew its holdings in Direxion Daily Regional Banks Bull 3x Shares by 7.3% during the 2nd quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock worth $155,000 after acquiring an additional 150 shares during the period. Simplex Trading LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 1st quarter valued at about $263,000. Quantbot Technologies LP grew its stake in Direxion Daily Regional Banks Bull 3x Shares by 27.9% during the first quarter. Quantbot Technologies LP now owns 4,000 shares of the company’s stock worth $318,000 after purchasing an additional 873 shares during the period. Toth Financial Advisory Corp increased its holdings in Direxion Daily Regional Banks Bull 3x Shares by 2.1% in the first quarter. Toth Financial Advisory Corp now owns 23,917 shares of the company’s stock worth $1,903,000 after purchasing an additional 499 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares in the second quarter valued at approximately $2,285,000.

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.