Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Down – Here’s What Happened

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares gapped down before the market opened on Friday . The stock had previously closed at $108.08, but opened at $102.04. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $101.97, with a volume of 216,894 shares traded.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The stock has a market cap of $953.81 million, a price-to-earnings ratio of 105.26 and a beta of 3.98. The business’s fifty day simple moving average is $131.94 and its 200 day simple moving average is $107.70.

Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3x Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of DPST. Safe Harbor Fiduciary LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter worth about $48,000. Verus Capital Partners LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth approximately $252,000. Orion Portfolio Solutions LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth approximately $349,000. Toth Financial Advisory Corp grew its holdings in Direxion Daily Regional Banks Bull 3x Shares by 24.9% in the 3rd quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock worth $900,000 after buying an additional 1,801 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at approximately $2,285,000.

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.