Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) Sees Significant Drop in Short Interest

Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 61,591 shares, a decline of 62.0% from the September 30th total of 162,207 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 295,238 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Direxion Daily Retail Bull 3X ETF stock. Two Sigma Securities LLC raised its stake in Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,006 shares of the company’s stock after buying an additional 1,238 shares during the quarter. Two Sigma Securities LLC owned 0.53% of Direxion Daily Retail Bull 3X ETF worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily Retail Bull 3X ETF Stock Performance

Shares of NYSEARCA:RETL opened at $8.21 on Thursday. Direxion Daily Retail Bull 3X ETF has a 52-week low of $6.49 and a 52-week high of $11.29. The company has a market cap of $30.13 million, a P/E ratio of 13.74 and a beta of 3.48. The stock’s 50-day moving average is $7.95 and its 200-day moving average is $8.61.

About Direxion Daily Retail Bull 3X ETF

Direxion Daily Retail Bull 3x Shares, formerly Direxion Daily Retail Bull 2x Shares, seeks daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000 Retail Index. The Retail Index is an index comprised of companies that sell to consumers those discretionary products supplied by manufacturers. These companies include specialty retailers, as well as diversified retailers, such as department stores, discount stores, and superstores. Its investment sector includes hypermarkets and super centers, Internet retail, home improvement retail, apparel retail, general merchandise stores, department stores, automotive retail, specialty stores, home furnishing retail, computer and electronics retail, and catalog retail.