Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL – Get Free Report) fell 1.8% during mid-day trading on Monday . The stock traded as low as $9.31 and last traded at $9.36. Approximately 320,152 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 608,633 shares. The stock had previously closed at $9.53.
Direxion Daily Retail Bull 3X Shares Price Performance
The firm has a fifty day simple moving average of $8.47 and a 200-day simple moving average of $8.79. The company has a market cap of $31.57 million, a PE ratio of 13.74 and a beta of 3.47.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC purchased a new stake in Direxion Daily Retail Bull 3X Shares in the second quarter valued at approximately $26,000. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily Retail Bull 3X Shares in the fourth quarter valued at approximately $158,000. Jane Street Group LLC grew 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 worth $220,000 after acquiring an additional 12,383 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily Retail Bull 3X Shares during the fourth quarter worth approximately $461,000. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily Retail Bull 3X Shares in the 4th quarter valued at $470,000.
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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