Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL – Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 128,778 shares, a decrease of 33.5% from the May 14th total of 193,598 shares. Based on an average daily volume of 943,949 shares, the short-interest ratio is currently 0.1 days. Currently, 3.6% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of RETL. Jane Street Group LLC increased its holdings 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 worth $220,000 after buying an additional 12,383 shares in the last quarter. Group One Trading LLC acquired a new position in shares of Direxion Daily Retail Bull 3X Shares during the second quarter worth $26,000. Tower Research Capital LLC TRC increased its holdings in shares of 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 worth $410,000 after buying an additional 43,035 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily Retail Bull 3X Shares during the fourth quarter worth $461,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Direxion Daily Retail Bull 3X Shares during the fourth quarter worth $158,000.
Direxion Daily Retail Bull 3X Shares Stock Performance
Shares of NYSEARCA:RETL opened at $9.05 on Tuesday. The company has a fifty day moving average of $8.14 and a 200-day moving average of $8.90. The company has a market capitalization of $32.76 million, a PE ratio of 13.74 and a beta of 3.51. Direxion Daily Retail Bull 3X Shares has a 52-week low of $6.49 and a 52-week 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.
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