Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Up 12.1% – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) traded up 12.1% during trading on Wednesday . The company traded as high as $122.01 and last traded at $123.6870. 387,955 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 434,910 shares. The stock had previously closed at $110.32.

Direxion Daily Regional Banks Bull 3x Shares Stock Up 13.2%

The company has a market cap of $670.48 million, a PE ratio of 10.48 and a beta of 2.67. The firm has a fifty day simple moving average of $102.35 and a 200-day simple moving average of $98.73.

Institutional Investors Weigh In On Direxion Daily Regional Banks Bull 3x Shares

Several large investors have recently modified their holdings of DPST. SOA Wealth Advisors LLC. acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at $28,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth about $40,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Direxion Daily Regional Banks Bull 3x Shares in the 3rd quarter valued at about $42,000. Allworth Financial LP purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 2nd quarter valued at approximately $49,000. Finally, Choreo LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares during the 3rd quarter valued at approximately $200,000.

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.