Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Sees Large Drop in Short Interest

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 305,673 shares, a decrease of 17.3% from the January 29th total of 369,799 shares. Based on an average daily volume of 615,142 shares, the short-interest ratio is presently 0.5 days. Currently, 6.1% of the shares of the stock are short sold. Currently, 6.1% of the shares of the stock are short sold. Based on an average daily volume of 615,142 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3x Shares

A number of institutional investors have recently added to or reduced their stakes in DPST. Jump Financial LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at approximately $6,448,000. IMC Chicago LLC increased its holdings in Direxion Daily Regional Banks Bull 3x Shares by 329.1% in the third quarter. IMC Chicago LLC now owns 60,257 shares of the company’s stock valued at $6,029,000 after purchasing an additional 46,213 shares during the period. Tower Research Capital LLC TRC raised its position in Direxion Daily Regional Banks Bull 3x Shares by 109.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 42,423 shares of the company’s stock worth $4,286,000 after purchasing an additional 22,178 shares during the last quarter. Quadrature Capital Ltd bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth $3,841,000. Finally, SBI Securities Co. Ltd. lifted its holdings in 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 worth $2,889,000 after buying an additional 356 shares during the period.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 0.8%

Shares of DPST stock traded up $0.90 during mid-day trading on Wednesday, reaching $107.71. 552,308 shares of the stock traded hands, compared to its average volume of 580,485. The company has a market cap of $540.70 million, a price-to-earnings ratio of 10.48 and a beta of 2.67. The stock’s fifty day simple moving average is $118.39 and its two-hundred day simple moving average is $104.84. Direxion Daily Regional Banks Bull 3x Shares has a 1-year low of $46.00 and a 1-year high of $146.09.

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.