Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Down 7.8% – Time to Sell?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares dropped 7.8% during mid-day trading on Monday . The stock traded as low as $127.80 and last traded at $122.8510. Approximately 64,141 shares traded hands during trading, a decline of 87% from the average daily volume of 487,248 shares. The stock had previously closed at $133.28.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The business’s 50-day moving average price is $118.12 and its 200-day moving average price is $103.71. The firm has a market capitalization of $583.50 million, a PE ratio of 10.48 and a beta of 2.67.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Several institutional investors and hedge funds have recently modified their holdings of DPST. Jump Financial LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter valued at $6,448,000. IMC Chicago LLC grew its position in Direxion Daily Regional Banks Bull 3x Shares by 329.1% during the third quarter. IMC Chicago LLC now owns 60,257 shares of the company’s stock valued at $6,029,000 after acquiring an additional 46,213 shares during the period. Tower Research Capital LLC TRC grew its position in Direxion Daily Regional Banks Bull 3x Shares by 109.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 42,423 shares of the company’s stock valued at $4,286,000 after acquiring an additional 22,178 shares during the period. Quadrature Capital Ltd acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter worth about $3,841,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 1.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 33,282 shares of the company’s stock worth $2,889,000 after purchasing an additional 356 shares during the period.

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.