Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Down 10.6% – Here’s What Happened

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price dropped 10.6% on Monday . The stock traded as low as $77.53 and last traded at $76.2450. Approximately 482,972 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 896,974 shares. The stock had previously closed at $85.29.

Direxion Daily Regional Banks Bull 3x Shares Trading Up 2.9%

The firm has a market cap of $783.63 million, a price-to-earnings ratio of 10.48 and a beta of 2.67. The stock’s fifty day moving average price is $92.83 and its 200-day moving average price is $91.39.

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

Large investors have recently modified their holdings of the business. Jump Financial LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter worth about $6,448,000. IMC Chicago LLC boosted its stake in Direxion Daily Regional Banks Bull 3x Shares by 329.1% during the third quarter. IMC Chicago LLC now owns 60,257 shares of the company’s stock worth $6,029,000 after buying an additional 46,213 shares during the period. Aveo Capital Partners LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the first quarter valued at about $4,413,000. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 1.1% during the second quarter. SBI Securities Co. Ltd. now owns 33,282 shares of the company’s stock valued at $2,889,000 after acquiring an additional 356 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 18.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 29,272 shares of the company’s stock valued at $2,541,000 after acquiring an additional 4,463 shares during the period.

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.