Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Short Interest Update

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the recipient of a large decrease in short interest in February. As of February 13th, there was short interest totaling 192,651 shares, a decrease of 17.0% from the January 29th total of 232,022 shares. Approximately 5.6% of the company’s stock are sold short. Based on an average daily volume of 421,840 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 421,840 shares, the short-interest ratio is currently 0.5 days. Approximately 5.6% of the company’s stock are sold short.

Institutional Trading of Direxion Daily Retail Bull 3X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of RETL. Tower Research Capital LLC TRC increased its holdings in Direxion Daily Retail Bull 3X Shares by 393.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 53,966 shares of the company’s stock valued at $410,000 after buying an additional 43,035 shares during the period. Virtu Financial LLC acquired a new stake in Direxion Daily Retail Bull 3X Shares in the fourth quarter valued at $470,000. Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily Retail Bull 3X Shares during the fourth quarter worth about $461,000. Jane Street Group LLC lifted its position in shares of Direxion Daily Retail Bull 3X Shares by 52.2% in the 1st quarter. Jane Street Group LLC now owns 36,083 shares of the company’s stock worth $220,000 after purchasing an additional 12,383 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Direxion Daily Retail Bull 3X Shares during the 4th quarter worth about $158,000.

Direxion Daily Retail Bull 3X Shares Stock Performance

RETL opened at $9.13 on Thursday. The firm has a market capitalization of $31.68 million, a PE ratio of 13.74 and a beta of 3.79. Direxion Daily Retail Bull 3X Shares has a 52-week low of $4.12 and a 52-week high of $11.29. The business’s 50-day simple moving average is $9.97 and its 200 day simple moving average is $9.59.

Direxion Daily Retail Bull 3X Shares Company Profile

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.