Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Down to $70.67

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) gapped down prior to trading on Wednesday . The stock had previously closed at $70.67, but opened at $69.00. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $71.25, with a volume of 203,168 shares.

Direxion Daily Regional Banks Bull 3x Shares Trading Up 1.1 %

The firm has a market cap of $733.79 million, a PE ratio of 85.29 and a beta of 2.99. The stock has a 50 day simple moving average of $70.48 and a 200-day simple moving average of $71.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter valued at about $28,000. Glass Jacobson Investment Advisors llc bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at about $40,000. Anchor Investment Management LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at about $49,000. Capital Investment Advisory Services LLC lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 252.5% in the 4th quarter. Capital Investment Advisory Services LLC now owns 564 shares of the company’s stock valued at $55,000 after acquiring an additional 404 shares during the last quarter. Finally, Viewpoint Capital Management LLC lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 54.2% in the 3rd quarter. Viewpoint Capital Management LLC now owns 1,850 shares of the company’s stock valued at $100,000 after acquiring an additional 650 shares during the last quarter.

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.