Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Hits New 52-Week High – Here’s Why

Shares of Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $147.16 and last traded at $146.24, with a volume of 108504 shares changing hands. The stock had previously closed at $141.42.

Direxion Daily Regional Banks Bull 3x Shares Stock Performance

The stock has a fifty day simple moving average of $119.95 and a two-hundred day simple moving average of $114.24. The stock has a market capitalization of $458.24 million, a price-to-earnings ratio of 10.48 and a beta of 2.52.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Direxion Daily Regional Banks Bull 3x Shares by 31.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 545 shares of the company’s stock worth $55,000 after acquiring an additional 129 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 4.9% during the third quarter. Orion Porfolio Solutions LLC now owns 4,462 shares of the company’s stock valued at $446,000 after acquiring an additional 209 shares in the last quarter. SOA Wealth Advisors LLC. raised its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 77.3% during the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock worth $51,000 after purchasing an additional 218 shares during the period. Pin Oak Investment Advisors Inc. acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares during the third quarter worth approximately $40,000. Finally, Stephens Inc. AR lifted its holdings in shares of Direxion Daily Regional Banks Bull 3x Shares by 23.8% in the 4th quarter. Stephens Inc. AR now owns 2,597 shares of the company’s stock worth $262,000 after purchasing an additional 500 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.