Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) Stock Price Down 3% – Time to Sell?

Direxion Daily Regional Banks Bull 3x Shares (NYSEARCA:DPST) shares were down 3% on Monday . The stock traded as low as $129.86 and last traded at $130.49. 195,682 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 448,307 shares. The stock had previously closed at $134.52.

Direxion Daily Regional Banks Bull 3x Shares Price Performance

The firm’s 50 day moving average price is $143.71 and its 200-day moving average price is $122.65. The firm has a market cap of $378.77 million, a price-to-earnings ratio of 10.48 and a beta of 2.53.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DPST. Renaissance Technologies LLC acquired a new stake in Direxion Daily Regional Banks Bull 3x Shares during the first quarter worth about $2,832,000. IMC Chicago LLC lifted its position in shares of Direxion Daily Regional Banks Bull 3x Shares by 11.3% in the 1st quarter. IMC Chicago LLC now owns 27,872 shares of the company’s stock worth $2,694,000 after acquiring an additional 2,833 shares during the period. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the 4th quarter worth approximately $1,523,000. XTX Topco Ltd bought a new stake in shares of Direxion Daily Regional Banks Bull 3x Shares during the fourth quarter valued at approximately $244,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Direxion Daily Regional Banks Bull 3x Shares in the fourth quarter valued at $3,841,000.

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.