Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) Shares Climb 1.9% – Still a Buy?

Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) shares rose 1.9% during trading on Monday. The stock traded as high as $111.20 and last traded at $109.20. Approximately 133,582 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 414,060 shares. The stock had previously closed at $107.20.

Direxion Daily Regional Banks Bull 3X ETF Trading Down 2.0%

The stock’s 50 day moving average is $129.81 and its two-hundred day moving average is $125.82. The stock has a market capitalization of $306.66 million, a price-to-earnings ratio of 10.48 and a beta of 2.62.

Institutional Trading of Direxion Daily Regional Banks Bull 3X ETF

A number of institutional investors have recently modified their holdings of DPST. Toth Financial Advisory Corp bought a new position in shares of Direxion Daily Regional Banks Bull 3X ETF in the 3rd quarter valued at about $197,000. Parkside Financial Bank & Trust increased its stake in shares of Direxion Daily Regional Banks Bull 3X ETF by 671.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 517 shares of the company’s stock worth $73,000 after purchasing an additional 450 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3X ETF in the 1st quarter valued at about $2,832,000. IMC Chicago LLC raised its holdings in shares of Direxion Daily Regional Banks Bull 3X ETF by 11.3% in the 1st quarter. IMC Chicago LLC now owns 27,872 shares of the company’s stock valued at $2,694,000 after purchasing an additional 2,833 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3X ETF in the 4th quarter valued at about $1,523,000.

Direxion Daily Regional Banks Bull 3X ETF 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.