Short Interest in Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Increases By 42.2%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 434,641 shares, a growth of 42.2% from the February 12th total of 305,673 shares. Based on an average daily volume of 683,512 shares, the days-to-cover ratio is currently 0.6 days. Currently, 8.7% of the company’s stock are sold short. Currently, 8.7% of the company’s stock are sold short. Based on an average daily volume of 683,512 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Direxion Daily Regional Banks Bull 3x Shares

Hedge funds and other institutional investors have recently modified their holdings of the business. Jump Financial LLC bought a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in 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 acquiring an additional 46,213 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter worth about $3,841,000. Simplex Trading LLC purchased a new stake in Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter worth about $3,056,000. Finally, Tower Research Capital LLC TRC grew its holdings in Direxion Daily Regional Banks Bull 3x Shares by 109.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 42,423 shares of the company’s stock worth $4,286,000 after purchasing an additional 22,178 shares during the period.

Direxion Daily Regional Banks Bull 3x Shares Stock Down 1.8%

Shares of DPST stock opened at $87.63 on Monday. The business’s fifty day moving average is $116.78 and its 200 day moving average is $104.49. The stock has a market cap of $439.90 million, a price-to-earnings ratio of 10.48 and a beta of 2.67. Direxion Daily Regional Banks Bull 3x Shares has a twelve month low of $46.00 and a twelve month high of $146.09.

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.