Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) Stock Falls 1.3% – Here’s Why

Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL)’s share price fell 1.3% during mid-day trading on Wednesday. The stock traded as low as $7.07 and last traded at $7.10. Approximately 242,122 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 527,070 shares. The stock had previously closed at $7.19.

Direxion Daily Retail Bull 3X ETF Trading Down 1.3%

The business’s 50 day moving average is $8.56 and its 200 day moving average is $8.36. The stock has a market capitalization of $26.06 million, a PE ratio of 13.74 and a beta of 3.46.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Direxion Daily Retail Bull 3X ETF stock. GTS Securities LLC lifted its holdings in Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,614 shares of the company’s stock after buying an additional 2,059 shares during the quarter. GTS Securities LLC owned approximately 3.56% of Direxion Daily Retail Bull 3X ETF worth $977,000 at the end of the most recent quarter.

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.