Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Up – Should You Buy?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares gapped up prior to trading on Monday . The stock had previously closed at $88.05, but opened at $92.19. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $91.07, with a volume of 145,201 shares trading hands.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The company has a market capitalization of $620.44 million, a price-to-earnings ratio of 11.58 and a beta of 2.95. The stock has a 50-day moving average price of $112.28 and a 200-day moving average price of $115.89.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Several hedge funds have recently added to or reduced their stakes in DPST. Hollencrest Capital Management acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth approximately $28,000. Safe Harbor Fiduciary LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth $48,000. Anchor Investment Management LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth $55,000. Lindbrook Capital LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth $77,000. Finally, Two Sigma Securities LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth $218,000.

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.