Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL – Get Free Report)’s share price fell 4.8% on Wednesday . The company traded as low as $7.73 and last traded at $7.75. Approximately 267,241 shares were traded during mid-day trading, a decline of 51% from the average session volume of 548,060 shares. The stock had previously closed at $8.14.
Direxion Daily Retail Bull 3X Shares Stock Down 4.8%
The firm has a market cap of $23.41 million, a P/E ratio of 13.74 and a beta of 3.46. The company’s 50 day simple moving average is $9.10 and its 200-day simple moving average is $8.52.
Institutional Investors Weigh In On Direxion Daily Retail Bull 3X Shares
Hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in Direxion Daily Retail Bull 3X Shares during the 4th quarter valued at $470,000. Goldman Sachs Group Inc. purchased a new stake in Direxion Daily Retail Bull 3X Shares in the fourth quarter worth $461,000. Quadrature Capital Ltd bought a new stake in shares of Direxion Daily Retail Bull 3X Shares during the fourth quarter worth $158,000. Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 43,035 shares during the last quarter. Finally, Group One Trading LLC purchased a new stake in shares of Direxion Daily Retail Bull 3X Shares during the second quarter valued at $26,000.
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.
Further Reading
- Five stocks we like better than Direxion Daily Retail Bull 3X Shares
- Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
- GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus
- Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer
- Sovereign AI: Palantir and Nebius Cut the Cloud Cord
Receive News & Ratings for Direxion Daily Retail Bull 3X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Retail Bull 3X Shares and related companies with MarketBeat.com's FREE daily email newsletter.
