Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Down 1.5% – Should You Sell?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price traded down 1.5% during trading on Wednesday . The company traded as low as $140.70 and last traded at $143.75. Approximately 174,337 shares traded hands during trading, a decline of 65% from the average session volume of 491,250 shares. The stock had previously closed at $145.92.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The business’s 50-day simple moving average is $128.70 and its 200 day simple moving average is $117.96. The firm has a market cap of $444.79 million, a P/E ratio of 10.48 and a beta of 2.52.

Hedge Funds Weigh In On Direxion Daily Regional Banks Bull 3x Shares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. increased its stake in Direxion Daily Regional Banks Bull 3x Shares by 31.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 545 shares of the company’s stock worth $55,000 after acquiring an additional 129 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 4.9% in the third quarter. Orion Porfolio Solutions LLC now owns 4,462 shares of the company’s stock valued at $446,000 after purchasing an additional 209 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 77.3% in the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock valued at $51,000 after purchasing an additional 218 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the third quarter worth $40,000. Finally, Stephens Inc. AR lifted its position in Direxion Daily Regional Banks Bull 3x Shares by 23.8% during the fourth quarter. Stephens Inc. AR now owns 2,597 shares of the company’s stock valued at $262,000 after purchasing 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.