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

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) gapped up before the market opened 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 Price Performance

The firm’s 50-day moving average is $130.70 and its 200 day moving average is $109.30. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 105.26 and a beta of 3.98.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Safe Harbor Fiduciary LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter worth $48,000. Verus Capital Partners LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter worth $252,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter worth $349,000. Finally, Toth Financial Advisory Corp increased its position 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 worth $900,000 after acquiring an additional 1,801 shares in 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.