DPST: DIREXION DAILY REGIONAL BANKS BULL 3X SHARES
Share-split context: This ETF has both forward- and reverse-split history. The most recent recorded event was on Jun 5, 2023 with coefficient 0.1. Current price-return figures are already split-adjusted. Forward splits receive no automatic performance penalty; reverse-split history remains a separate structural warning.
What this ETF is trying to do
The DIREXION DAILY REGIONAL BANKS BULL 3X SHARES (ticker: DPST) is an ETF that focuses on regional banks. This is a "leveraged" ETF, which means it is designed to aim for more movement than the underlying index it follows. Because it is leveraged, its price can change much faster than a standard fund.
What the numbers show
The current price of this ETF is $106.82. When looking at how this fund has performed, it is important to understand two different types of returns:
• Price return: This only measures how much the share price itself changed.
• Total return: This measures the change in share price plus any cash distributions (dividends) paid to investors.
According to the data:
• Year-to-date (YTD): The price return is approximately 5.73%, while the total return is approximately 7.09%.
• One-year: The price return was approximately 5.50%, and the total return was approximately 7.47%.
• Three-year: The price return was approximately 108.39%, and the total return was approximately 121.84%.
• Five-year: The total return was approximately -76.63%.
This ETF has a "mixed" split history, meaning it has had both forward and reverse splits. In a forward split, one old share becomes multiple new shares, which makes the per-share price fall, but your total ownership stays the same. In a reverse split, multiple old shares are combined into fewer new shares, which makes the per-share price rise mechanically. The most recent split event occurred on June 5, 2023.
Income and distribution explanation
This ETF pays out cash distributions to investors. The trailing distributions were approximately $2.11. The distribution yield is approximately 1.97%. These payments usually happen quarterly, with four payments made in the last 12 months. It is important to remember that a distribution yield is not the same as total return. A high yield does not guarantee that an investor has earned that percentage in overall value.
NAV erosion explanation
"NAV erosion" refers to a decline in the actual value of the fund's underlying assets. For this ETF, the erosion-risk score is 100, which is labeled as "No price erosion detected." The severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• The ETF has shown positive price returns and total returns over the last year and the last three years.
• The current erosion-risk score indicates that no price erosion has been detected.
Cons
• This is a leveraged ETF, which typically involves higher movement and risk.
• The five-year total return shows a significant decline of approximately -76.63%.
• The fund has a history of both forward and reverse splits.
Beginner takeaway
DPST is a high-movement, leveraged ETF focused on regional banks. While it has seen strong gains over the last three years, its five-year total return shows a large loss. Investors should also note that the fund's share price has been adjusted through various types of splits in the past.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | SPSIRB SWAP ASSET LEG | n/a | 38.56% |
| 2 | SPSIRBK SWAP ASSET LEG | n/a | 35.63% |
| 3 | GOLDMAN FINL SQ TRSRY INST 506 | n/a | 4.01% |
| 4 | DREYFUS GOVT CASH MAN INS | n/a | 3.03% |
| 5 | DREYFUS TRSRY SECURITIES CASH MGMT | n/a | 1.91% |
| 6 | GOLDMAN SACHS FIN GOV 465 INSTITUT | n/a | 0.83% |
| 7 | FIRST BANCORP | FBP | 0.36% |
| 8 | CULLEN/FROST BANKERS INC | CFR | 0.33% |
| 9 | CITIZENS FINANCIAL GROUP INC | CFG | 0.32% |
| 10 | HOME BANCSHARES INC | HOMB | 0.32% |