Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Down to $62.81

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $62.81, but opened at $61.54. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $62.49, with a volume of 204,458 shares traded.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 1.0 %

The business’s fifty day moving average price is $71.96 and its 200 day moving average price is $76.41. The company has a market capitalization of $501.87 million, a P/E ratio of 10.46 and a beta of 2.99.

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

Institutional investors have recently added to or reduced their stakes in the company. GFG Capital LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares during the 1st quarter valued at about $30,000. Harbour Investments Inc. lifted its stake in Direxion Daily Regional Banks Bull 3x Shares by 14,705.9% in the first quarter. Harbour Investments Inc. now owns 5,034 shares of the company’s stock valued at $39,000 after buying an additional 5,000 shares in the last quarter. Bank of Montreal Can bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the second quarter valued at approximately $40,000. Signaturefd LLC bought a new position in Direxion Daily Regional Banks Bull 3x Shares in the second quarter valued at approximately $46,000. Finally, Quantbot Technologies LP bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the second quarter worth $47,000.

About Direxion Daily Regional Banks Bull 3x Shares

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.