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

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price 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 traded.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The stock has a market cap of $620.44 million, a price-to-earnings ratio of 11.58 and a beta of 2.95. The business’s fifty day simple moving average is $112.28 and its 200 day simple moving average is $115.89.

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

Hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth $3,731,000. Hollencrest Capital Management acquired a new position in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth $28,000. Orion Portfolio Solutions LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at $349,000. Toth Financial Advisory Corp lifted its stake in Direxion Daily Regional Banks Bull 3x Shares by 40.6% in the fourth quarter. Toth Financial Advisory Corp now owns 12,723 shares of the company’s stock valued at $1,398,000 after buying an additional 3,676 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at $935,000.

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.