Direxion Daily Regional Banks Bull 3X Shares is trading 3.2% up today as U.S. financials and regional banks gain amid modestly positive risk sentiment and stable interest rate expectations.
- The move is driven by continued positioning following recent volatility in bank stocks and ahead of key PMI data scheduled for release later this week.
- As a triple-leveraged ETF tied to the S&P Regional Banks Select Industry Index, the fund magnifies relatively small advances in the underlying regional banking sector.
- With no major economic data due today, the sector is benefiting from a steady rate outlook and a general improvement in market sentiment.