Investors Buy Large Volume of Call Options on Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST – Get Rating) saw unusually large options trading on Monday. Stock investors acquired 7,605 call options on the stock. This is an increase of 764% compared to the average volume of 880 call options.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

NYSEARCA:DPST opened at $8.85 on Wednesday. The company has a market capitalization of $62.39 million, a P/E ratio of 10.46 and a beta of 3.08. The stock’s 50 day moving average price is $23.86 and its 200 day moving average price is $25.83. Direxion Daily Regional Banks Bull 3x Shares has a 52 week low of $6.96 and a 52 week high of $50.95.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Several large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth about $458,000. Bank of America Corp DE boosted its position in Direxion Daily Regional Banks Bull 3x Shares by 633.8% during the first quarter. Bank of America Corp DE now owns 7,411 shares of the company’s stock worth $315,000 after purchasing an additional 6,401 shares during the period. Renaissance Technologies LLC acquired a new position in Direxion Daily Regional Banks Bull 3x Shares during the second quarter valued at approximately $308,000. Cruiser Capital Advisors LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the first quarter valued at approximately $212,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the second quarter worth $47,000.

Direxion Daily Regional Banks Bull 3x Shares Company Profile

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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.