Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Up 0.7% – Still a Buy?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price rose 0.7% during mid-day trading on Monday . The stock traded as high as $120.23 and last traded at $117.03. Approximately 263,193 shares traded hands during trading, a decline of 51% from the average daily volume of 538,117 shares. The stock had previously closed at $116.26.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 0.7%

The stock has a 50-day simple moving average of $111.33 and a two-hundred day simple moving average of $109.72. The firm has a market cap of $493.87 million, a PE ratio of 10.48 and a beta of 2.55.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DPST. Orion Porfolio Solutions LLC increased its holdings in 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 purchasing an additional 1,379 shares during the period. Tower Research Capital LLC TRC increased its holdings in 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 purchasing an additional 4,463 shares during the period. Great Hill Capital LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at about $307,000. Choreo LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at about $200,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at about $40,000.

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.