Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL – Get Free Report)’s share price was down 3.6% on Wednesday. The stock traded as low as $8.10 and last traded at $8.22. 212,697 shares changed hands during trading, a decline of 58% from the average daily volume of 512,349 shares. The stock had previously closed at $8.53.
Direxion Daily Retail Bull 3X ETF Trading Down 3.6%
The company has a market capitalization of $33.46 million, a P/E ratio of 13.74 and a beta of 3.48. The business’s fifty day moving average price is $7.99 and its 200-day moving average price is $8.42.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Direxion Daily Retail Bull 3X ETF stock. Two Sigma Securities LLC raised its position in shares of Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL – Free Report) by 8.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,006 shares of the company’s stock after purchasing an additional 1,238 shares during the period. Two Sigma Securities LLC owned approximately 0.53% of Direxion Daily Retail Bull 3X ETF worth $145,000 at the end of the most recent reporting period.
About Direxion Daily Retail Bull 3X ETF
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 ETF
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Receive News & Ratings for Direxion Daily Retail Bull 3X ETF 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 ETF and related companies with MarketBeat.com's FREE daily email newsletter.
