Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Gap Down to $70.67

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $70.67, but opened at $69.00. Direxion Daily Regional Banks Bull 3x Shares shares last traded at $71.25, with a volume of 203,168 shares trading hands.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 3.8 %

The stock has a market cap of $712.02 million, a PE ratio of 85.29 and a beta of 2.99. The business has a 50-day moving average price of $70.40 and a 200-day moving average price of $71.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at $28,000. Glass Jacobson Investment Advisors llc purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at $40,000. Anchor Investment Management LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at $49,000. Capital Investment Advisory Services LLC lifted its holdings in Direxion Daily Regional Banks Bull 3x Shares by 252.5% in the 4th quarter. Capital Investment Advisory Services LLC now owns 564 shares of the company’s stock valued at $55,000 after purchasing an additional 404 shares in the last quarter. Finally, Viewpoint Capital Management LLC lifted its holdings in Direxion Daily Regional Banks Bull 3x Shares by 54.2% in the 3rd quarter. Viewpoint Capital Management LLC now owns 1,850 shares of the company’s stock valued at $100,000 after purchasing an additional 650 shares in the last quarter.

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.