Short Interest in Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Rises By 47.3%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 640,394 shares, an increase of 47.3% from the February 26th total of 434,641 shares. Based on an average daily trading volume, of 1,050,015 shares, the days-to-cover ratio is presently 0.6 days. Currently, 12.8% of the company’s stock are short sold.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

Shares of NYSEARCA:DPST opened at $89.10 on Monday. Direxion Daily Regional Banks Bull 3x Shares has a 1 year low of $46.00 and a 1 year high of $146.09. The business has a fifty day simple moving average of $112.42 and a 200 day simple moving average of $103.07. The firm has a market cap of $447.28 million, a price-to-earnings ratio of 10.48 and a beta of 2.67.

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

Several institutional investors have recently made changes to their positions in the company. Jump Financial LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 2nd quarter valued at approximately $6,448,000. Orion Porfolio Solutions LLC raised its position in Direxion Daily Regional Banks Bull 3x Shares by 48.0% during the second quarter. Orion Porfolio Solutions LLC now owns 4,253 shares of the company’s stock valued at $369,000 after acquiring an additional 1,379 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Direxion Daily Regional Banks Bull 3x Shares by 18.0% in the second quarter. Tower Research Capital LLC TRC now owns 29,272 shares of the company’s stock valued at $2,541,000 after acquiring an additional 4,463 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the third quarter valued at approximately $42,000. Finally, Toth Financial Advisory Corp grew its position in Direxion Daily Regional Banks Bull 3x Shares by 4.0% in the third quarter. Toth Financial Advisory Corp now owns 3,736 shares of the company’s stock worth $374,000 after acquiring an additional 142 shares in the last quarter.

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.