Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Up – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $112.87, but opened at $123.96. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $123.86, with a volume of 638,921 shares traded.

Direxion Daily Regional Banks Bull 3x Shares Stock Down 2.7 %

The firm has a market capitalization of $1.17 billion, a PE ratio of 105.26 and a beta of 3.98. The firm’s 50 day moving average price is $130.70 and its two-hundred day moving average price is $109.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Safe Harbor Fiduciary LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at $48,000. Toth Financial Advisory Corp boosted its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 24.9% in the third quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock valued at $900,000 after purchasing an additional 1,801 shares during the period. Verus Capital Partners LLC purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at $252,000. Finally, Orion Portfolio Solutions LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at $349,000.

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.