Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Trading Up 0.7% – Should You Buy?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) were up 0.7% on Monday . The stock traded as high as $120.23 and last traded at $117.03. Approximately 263,193 shares changed hands during trading, a decline of 51% from the average daily volume of 538,117 shares. The stock had previously closed at $116.26.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The firm has a market cap of $520.49 million, a price-to-earnings ratio of 10.48 and a beta of 2.55. The firm has a 50-day moving average price of $111.98 and a two-hundred day moving average price of $110.01.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in Direxion Daily Regional Banks Bull 3x Shares by 31.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 545 shares of the company’s stock worth $55,000 after buying an additional 129 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in Direxion Daily Regional Banks Bull 3x Shares by 4.9% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 4,462 shares of the company’s stock worth $446,000 after buying an additional 209 shares during the last quarter. SOA Wealth Advisors LLC. grew its stake in Direxion Daily Regional Banks Bull 3x Shares by 77.3% during the 4th quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock worth $51,000 after buying an additional 218 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter worth approximately $40,000. Finally, Stephens Inc. AR grew its stake in Direxion Daily Regional Banks Bull 3x Shares by 23.8% during the 4th quarter. Stephens Inc. AR now owns 2,597 shares of the company’s stock worth $262,000 after buying an additional 500 shares during the last quarter.

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.