Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Sees Large Decline in Short Interest

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 472,508 shares, a decrease of 26.2% from the March 15th total of 640,394 shares. Based on an average trading volume of 501,896 shares, the short-interest ratio is presently 0.9 days. Currently, 10.0% of the shares of the company are short sold.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

Shares of DPST stock traded down $0.58 on Wednesday, hitting $114.93. The company’s stock had a trading volume of 413,682 shares, compared to its average volume of 600,979. The stock’s 50 day moving average is $108.99 and its 200-day moving average is $103.16. Direxion Daily Regional Banks Bull 3x Shares has a fifty-two week low of $54.53 and a fifty-two week high of $146.09. The company has a market capitalization of $525.23 million, a PE ratio of 10.48 and a beta of 2.60.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 31.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 545 shares of the company’s stock worth $55,000 after purchasing an additional 129 shares during the period. Toth Financial Advisory Corp lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 4.0% during the third quarter. Toth Financial Advisory Corp now owns 3,736 shares of the company’s stock worth $374,000 after purchasing an additional 142 shares during the period. Orion Porfolio Solutions LLC lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 4.9% during the third quarter. Orion Porfolio Solutions LLC now owns 4,462 shares of the company’s stock worth $446,000 after purchasing an additional 209 shares during the period. SOA Wealth Advisors LLC. lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 77.3% during the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock worth $51,000 after purchasing an additional 218 shares during the period. Finally, Pin Oak Investment Advisors Inc. bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth 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.