Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Up – Time to Buy?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $140.64, but opened at $146.07. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $143.52, with a volume of 103,052 shares traded.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 3.7 %

The firm’s 50-day moving average price is $129.19 and its 200 day moving average price is $100.66. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 105.26 and a beta of 3.98.

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

A number of large investors have recently bought and sold shares of the stock. Viewpoint Capital Management LLC increased its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 7.3% during the second quarter. Viewpoint Capital Management LLC now owns 2,200 shares of the company’s stock valued at $155,000 after acquiring an additional 150 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at $48,000. Toth Financial Advisory Corp increased its stake in Direxion Daily Regional Banks Bull 3x Shares by 24.9% during the 3rd quarter. Toth Financial Advisory Corp now owns 9,047 shares of the company’s stock valued at $900,000 after purchasing an additional 1,801 shares in the last quarter. Verus Capital Partners LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth $252,000. Finally, Orion Portfolio Solutions LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at $349,000.

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.