Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Short Interest Down 16.4% in January

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 369,799 shares, a drop of 16.4% from the January 15th total of 442,437 shares. Based on an average trading volume of 484,731 shares, the days-to-cover ratio is currently 0.8 days. Currently, 7.4% of the shares of the company are short sold. Currently, 7.4% of the shares of the company are short sold. Based on an average trading volume of 484,731 shares, the days-to-cover ratio is currently 0.8 days.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 2.3%

NYSEARCA DPST traded up $3.00 during trading hours on Wednesday, hitting $134.10. 173,135 shares of the stock were exchanged, compared to its average volume of 497,703. The company has a market cap of $673.16 million, a price-to-earnings ratio of 10.48 and a beta of 2.67. Direxion Daily Regional Banks Bull 3x Shares has a 12-month low of $46.00 and a 12-month high of $146.09. The stock has a 50-day moving average of $116.98 and a 200 day moving average of $102.76.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Institutional investors have recently modified their holdings of the business. Jump Financial LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the second quarter worth $6,448,000. IMC Chicago LLC grew its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 329.1% during the 3rd quarter. IMC Chicago LLC now owns 60,257 shares of the company’s stock worth $6,029,000 after purchasing an additional 46,213 shares during the period. Simplex Trading LLC acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth $3,056,000. Tower Research Capital LLC TRC increased its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 109.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 42,423 shares of the company’s stock valued at $4,286,000 after purchasing an additional 22,178 shares in the last quarter. Finally, Elevatus Welath Management acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at about $2,082,000.

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.