Direxion Daily Regional Banks Bull 3X Shares company info

What does Direxion Daily Regional Banks Bull 3X Shares do?
Direxion Daily Regional Banks Bull 3X Shares (NYSEARCA:DPST) is a specialized investment tool that aims to provide thrice the daily investment results, before fees and expenses, of the Solactive Regional Banks Index. As a leveraged exchange-traded fund (ETF), its operations focus primarily on achieving high returns for investors who have a bullish outlook on regional banks within the U.S. financial sector. The fund employs financial derivatives and debt instruments to magnify the returns of the underlying index, making it suitable for experienced investors seeking short-term speculative gains. Direxion Daily Regional Banks Bull 3X Shares concentrates on capturing the performance of small to mid-sized bank stocks, aligning its projects and objectives with the health and movements of the regional banking industry.
Direxion Daily Regional Banks Bull 3X Shares company media
Company Snapshot

Is Direxion Daily Regional Banks Bull 3X Shares a public or private company?

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Ownership
Public

How many people does Direxion Daily Regional Banks Bull 3X Shares employ?

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Employees
56

What sector is Direxion Daily Regional Banks Bull 3X Shares in?

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Sector
ETF

Where is the head office for Direxion Daily Regional Banks Bull 3X Shares?

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Head Office
New York, United States

What year was Direxion Daily Regional Banks Bull 3X Shares founded?

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Year Founded
2015
What does Direxion Daily Regional Banks Bull 3X Shares specialise in?
/Leveraged ETF /Financial Sector /Intraday Shares /Stock Market /Investment Strategy /Asset Management

What are the products and/or services of Direxion Daily Regional Banks Bull 3X Shares?

Overview of Direxion Daily Regional Banks Bull 3X Shares offerings
Targets 3x Daily Return of Regional Banks Index: DPST aims to deliver results that are 300% of the daily performance of the S&P Regional Bank Select Industry Index. This means it tries to magnify daily gains (and losses) of the underlying index by 3 times.
Exposure to Regional Banks: The fund invests in securities from the S&P Regional Bank Select Industry Index, which tracks the performance of US-listed companies classified as regional banks.
Leveraged Instrument: DPST uses leverage to achieve its 3x daily return objective. This magnifies returns but also magnifies losses.
Reset Daily: The 3x leverage is reset each day, meaning the gains or losses are not compounded over time.
Short-Term Focus: DPST is designed for short-term investors with a high-risk tolerance due to the leverage and daily reset nature. It's not suitable for long-term buy-and-hold strategies.
Potential for High Volatility: Due to the leverage, DPST's daily share price can fluctuate significantly, amplifying movements in the underlying regional bank index.