Direxion Daily Regional Banks Bull 3X ETF

Frequently Asked Questions About DPST

What does DPST invest in?

The Direxion Daily Regional Banks Bull 3X ETF is engineered to deliver daily returns that correspond to three times (300%) the performance of the S&P Regional Banks Select Industry Index. This objective is considered prior to the subtraction of any applicable fees and operating costs. It is important to note, however, that there is no assurance the fund will consistently meet this intended investment goal.

What is the expense ratio of DPST?

Direxion Daily Regional Banks Bull 3X ETF (DPST) charges an expense ratio of 0.92%. This is the annual fee deducted from fund assets to cover management and operations.

Is DPST a good long-term hold?

DPST is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does DPST's daily reset work?

DPST rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is DPST?

Direxion Daily Regional Banks Bull 3X ETF (DPST) manages $456.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is DPST actively managed or an index fund?

DPST's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.