Short Interest in Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Expands By 47.3%

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 640,394 shares, an increase of 47.3% from the February 26th total of 434,641 shares. Approximately 12.8% of the company’s shares are sold short. Based on an average trading volume of 1,050,015 shares, the days-to-cover ratio is presently 0.6 days.

Direxion Daily Regional Banks Bull 3x Shares Trading Down 5.3%

Shares of Direxion Daily Regional Banks Bull 3x Shares stock traded down $5.01 on Friday, hitting $89.10. 381,384 shares of the company traded hands, compared to its average volume of 628,390. The company has a market cap of $447.28 million, a PE ratio of 10.48 and a beta of 2.67. The stock’s 50 day moving average price is $112.42 and its 200-day moving average price is $103.11. Direxion Daily Regional Banks Bull 3x Shares has a 52 week low of $46.00 and a 52 week high of $146.09.

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

A number of institutional investors and hedge funds have recently bought and sold shares of DPST. Jump Financial LLC purchased a new position in Direxion Daily Regional Banks Bull 3x Shares in the second quarter valued at about $6,448,000. IMC Chicago LLC lifted its position in shares of 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 valued at $6,029,000 after buying an additional 46,213 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at about $3,841,000. Simplex Trading LLC bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares in the 4th quarter valued at about $3,056,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 109.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 42,423 shares of the company’s stock worth $4,286,000 after buying an additional 22,178 shares during 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.