Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) Stock Breaks Below 200 Day Moving Average – What’s Next?

Shares of Direxion Daily Regional Banks Bull 3X ETF (NYSEARCA:DPST) passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $121.94 and traded as low as $116.62. Direxion Daily Regional Banks Bull 3X ETF shares last traded at $120.81, with a volume of 136,319 shares traded.

Direxion Daily Regional Banks Bull 3X ETF Stock Down 1.8%

The business has a 50 day simple moving average of $122.36 and a 200 day simple moving average of $121.94. The company has a market capitalization of $310.48 million, a PE ratio of 10.48 and a beta of 2.62.

Institutional Trading of Direxion Daily Regional Banks Bull 3X ETF

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily Regional Banks Bull 3X ETF by 6.2% in the third quarter. SBI Securities Co. Ltd. now owns 5,246 shares of the company’s stock worth $574,000 after buying an additional 308 shares during the last quarter. Genesee Capital Advisors LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3X ETF during the third quarter worth $388,000. Toth Financial Advisory Corp purchased a new stake in shares of Direxion Daily Regional Banks Bull 3X ETF during the third quarter valued at $197,000. Parkside Financial Bank & Trust grew its holdings in shares of Direxion Daily Regional Banks Bull 3X ETF by 671.6% during the second quarter. Parkside Financial Bank & Trust now owns 517 shares of the company’s stock valued at $73,000 after buying an additional 450 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily Regional Banks Bull 3X ETF during the first quarter valued at $2,832,000.

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.