Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Down 3% – Should You Sell?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price traded down 3% during trading on Monday . The stock traded as low as $129.86 and last traded at $130.49. 195,682 shares were traded during trading, a decline of 56% from the average daily volume of 448,307 shares. The stock had previously closed at $134.52.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 3.0%

The company has a market capitalization of $394.08 million, a P/E ratio of 10.48 and a beta of 2.53. The business’s 50-day simple moving average is $143.84 and its 200 day simple moving average is $122.71.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the first quarter worth approximately $2,832,000. IMC Chicago LLC lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 11.3% in the first quarter. IMC Chicago LLC now owns 27,872 shares of the company’s stock valued at $2,694,000 after buying an additional 2,833 shares during the period. Virtu Financial LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth about $1,523,000. XTX Topco Ltd bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth about $244,000. Finally, Quadrature Capital Ltd acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at about $3,841,000.

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.