Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Short Interest Up 52.1% in March

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 223,802 shares, a growth of 52.1% from the March 15th total of 147,187 shares. Currently, 5.8% of the shares of the stock are short sold. Based on an average trading volume of 775,481 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RETL. Group One Trading LLC acquired a new stake in Direxion Daily Retail Bull 3X Shares during the second quarter valued at $26,000. Quadrature Capital Ltd acquired a new stake in Direxion Daily Retail Bull 3X Shares during the fourth quarter valued at $158,000. 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 valued at $220,000 after purchasing an additional 12,383 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Direxion Daily Retail Bull 3X Shares by 393.7% during 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 during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in Direxion Daily Retail Bull 3X Shares during the fourth quarter valued at $461,000.

Direxion Daily Retail Bull 3X Shares Trading Up 1.1%

Shares of NYSEARCA RETL traded up $0.09 during mid-day trading on Wednesday, reaching $8.32. The company had a trading volume of 297,329 shares, compared to its average volume of 553,502. The stock has a market cap of $32.61 million, a PE ratio of 13.74 and a beta of 3.69. The company has a 50-day moving average price of $8.43 and a two-hundred day moving average price of $9.07. Direxion Daily Retail Bull 3X Shares has a 1-year low of $4.63 and a 1-year high of $11.29.

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.