Short Interest in Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Decreases By 56.9%

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 55,519 shares, a decline of 56.9% from the May 31st total of 128,778 shares. Based on an average trading volume of 837,289 shares, the short-interest ratio is currently 0.1 days. Approximately 1.5% of the company’s stock are sold short.

Direxion Daily Retail Bull 3X Shares Trading Up 0.2%

Shares of RETL opened at $9.38 on Monday. The business’s fifty day simple moving average is $8.29 and its two-hundred day simple moving average is $8.88. Direxion Daily Retail Bull 3X Shares has a 12 month low of $6.49 and a 12 month high of $11.29. The company has a market cap of $33.96 million, a price-to-earnings ratio of 13.74 and a beta of 3.51.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RETL. Jane Street Group LLC boosted its position in shares of 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 valued at $220,000 after buying an additional 12,383 shares during the last quarter. Group One Trading LLC bought a new position in Direxion Daily Retail Bull 3X Shares during the 2nd quarter valued at about $26,000. Tower Research Capital LLC TRC lifted its stake in Direxion Daily Retail Bull 3X Shares by 393.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 53,966 shares of the company’s stock valued at $410,000 after acquiring an additional 43,035 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily Retail Bull 3X Shares in the fourth quarter worth approximately $461,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Direxion Daily Retail Bull 3X Shares in the fourth quarter worth approximately $158,000.

About Direxion Daily Retail Bull 3X Shares

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.