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

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 220,869 shares, an increase of 79.2% from the December 31st total of 123,253 shares. Based on an average daily trading volume, of 399,556 shares, the days-to-cover ratio is currently 0.6 days. Currently, 6.1% of the company’s shares are short sold. Currently, 6.1% of the company’s shares are short sold. Based on an average daily trading volume, of 399,556 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Direxion Daily Retail Bull 3X Shares

Several institutional investors have recently modified their holdings of the stock. Group One Trading LLC acquired a new position in Direxion Daily Retail Bull 3X Shares during the 2nd quarter worth approximately $26,000. Simplex Trading LLC lifted its position in shares of Direxion Daily Retail Bull 3X Shares by 1,026.9% in the second quarter. Simplex Trading LLC now owns 16,566 shares of the company’s stock worth $125,000 after purchasing an additional 15,096 shares in the last quarter. Jane Street Group LLC boosted its holdings in Direxion Daily Retail Bull 3X Shares by 52.2% during the first 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 last quarter. Finally, Tower Research Capital LLC TRC grew its position in Direxion Daily Retail Bull 3X Shares by 393.7% in the second quarter. Tower Research Capital LLC TRC now owns 53,966 shares of the company’s stock valued at $410,000 after purchasing an additional 43,035 shares in the last quarter.

Direxion Daily Retail Bull 3X Shares Stock Performance

RETL stock remained flat at $9.44 during midday trading on Friday. 207,952 shares of the company’s stock were exchanged, compared to its average volume of 368,808. Direxion Daily Retail Bull 3X Shares has a 1 year low of $4.12 and a 1 year high of $11.29. The stock has a market capitalization of $33.23 million, a PE ratio of 13.74 and a beta of 3.79. The stock’s 50 day moving average price is $9.86 and its 200-day moving average price is $9.43.

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.