Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Down to $90.33

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares gapped down before the market opened on Wednesday . The stock had previously closed at $90.33, but opened at $87.34. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $85.78, with a volume of 345,506 shares trading hands.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 8.0 %

The firm’s 50-day simple moving average is $93.42 and its 200-day simple moving average is $77.78. The company has a market capitalization of $824.55 million, a PE ratio of 105.26 and a beta of 3.98.

Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3x Shares

Large investors have recently modified their holdings of the business. Elevatus Welath Management purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth approximately $7,493,000. Jane Street Group LLC grew its stake in Direxion Daily Regional Banks Bull 3x Shares by 172.1% during the 1st quarter. Jane Street Group LLC now owns 57,574 shares of the company’s stock valued at $4,582,000 after acquiring an additional 36,417 shares in the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at about $2,285,000. Simplex Trading LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the 1st quarter worth approximately $263,000. Finally, Quantbot Technologies LP boosted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 27.9% during the 1st 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 last quarter.

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.