Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Shares Down 5.6% – Here’s Why

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST)’s share price traded down 5.6% during trading on Friday . The stock traded as low as $118.07 and last traded at $117.6620. 306,992 shares changed hands during trading, a decline of 38% from the average session volume of 491,842 shares. The stock had previously closed at $124.66.

Direxion Daily Regional Banks Bull 3x Shares Stock Down 9.3%

The firm has a market cap of $606.86 million, a price-to-earnings ratio of 10.48 and a beta of 2.67. The stock’s 50 day moving average is $103.90 and its 200 day moving average is $99.10.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DPST. Jump Financial LLC bought a new stake in Direxion Daily Regional Banks Bull 3x Shares in the second quarter worth about $6,448,000. IMC Chicago LLC grew its stake in shares of Direxion Daily Regional Banks Bull 3x Shares by 329.1% in the 3rd quarter. IMC Chicago LLC now owns 60,257 shares of the company’s stock worth $6,029,000 after purchasing an additional 46,213 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 1.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 33,282 shares of the company’s stock worth $2,889,000 after purchasing an additional 356 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 18.0% during 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 last quarter. Finally, Elevatus Welath Management bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth $2,082,000.

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.