Short Interest in Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Declines By 36.2%

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 122,800 shares, a drop of 36.2% from the May 15th total of 192,500 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 710,800 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Direxion Daily Retail Bull 3X Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in shares of Direxion Daily Retail Bull 3X Shares in the 1st quarter valued at about $449,000. GTS Securities LLC acquired a new position in shares of Direxion Daily Retail Bull 3X Shares during the 4th quarter worth approximately $524,000. Jane Street Group LLC boosted its position 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 period. IMC Chicago LLC acquired a new stake in shares of Direxion Daily Retail Bull 3X Shares during the 1st quarter worth about $210,000. Finally, HighTower Advisors LLC acquired a new position in Direxion Daily Retail Bull 3X Shares in the 4th quarter valued at about $99,000.

Direxion Daily Retail Bull 3X Shares Price Performance

Shares of RETL stock traded down $0.23 during trading hours on Tuesday, reaching $7.35. The company had a trading volume of 214,540 shares, compared to its average volume of 434,465. Direxion Daily Retail Bull 3X Shares has a 1-year low of $4.12 and a 1-year high of $11.92. The firm has a market cap of $40.19 million, a price-to-earnings ratio of 13.74 and a beta of 3.89. The company has a 50 day moving average of $6.50 and a 200 day moving average of $7.96.

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.