Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Down 4.6% – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price traded down 4.6% during mid-day trading on Monday . The company traded as low as $101.50 and last traded at $99.71. 312,565 shares changed hands during trading, a decline of 63% from the average session volume of 854,567 shares. The stock had previously closed at $104.54.

Direxion Daily Regional Banks Bull 3x Shares Stock Down 2.8%

The business has a 50-day moving average price of $100.66 and a 200-day moving average price of $86.83. The company has a market capitalization of $728.61 million, a price-to-earnings ratio of 10.48 and a beta of 2.99.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Orion Porfolio Solutions LLC increased its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 48.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 4,253 shares of the company’s stock valued at $369,000 after acquiring an additional 1,379 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 18.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 29,272 shares of the company’s stock valued at $2,541,000 after acquiring an additional 4,463 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter valued at about $6,448,000. SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 1.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 33,282 shares of the company’s stock valued at $2,889,000 after acquiring an additional 356 shares during the last quarter. Finally, Allworth Financial LP acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter valued at about $49,000.

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.