Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Short Interest Up 79.2% in January

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 220,869 shares, an increase of 79.2% from the December 31st total of 123,253 shares. Approximately 6.1% of the shares of the company are sold short. Based on an average trading volume of 399,556 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 399,556 shares, the days-to-cover ratio is currently 0.6 days. Approximately 6.1% of the shares of the company are sold short.

Direxion Daily Retail Bull 3X Shares Stock Performance

Shares of RETL stock remained flat at $9.44 on Friday. The stock had a trading volume of 207,952 shares, compared to its average volume of 368,808. The stock has a market cap of $33.23 million, a price-to-earnings ratio of 13.74 and a beta of 3.79. Direxion Daily Retail Bull 3X Shares has a 12 month low of $4.12 and a 12 month high of $11.29. The company’s fifty day moving average price is $9.86 and its 200-day moving average price is $9.43.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in shares of Direxion Daily Retail Bull 3X Shares by 393.7% in the 2nd 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 period. Simplex Trading LLC increased its position in shares of Direxion Daily Retail Bull 3X Shares by 1,026.9% in the second quarter. Simplex Trading LLC now owns 16,566 shares of the company’s stock valued at $125,000 after buying an additional 15,096 shares in the last quarter. Jane Street Group LLC grew its stake in Direxion Daily Retail Bull 3X Shares by 52.2% during the 1st quarter. Jane Street Group LLC now owns 36,083 shares of the company’s stock valued at $220,000 after acquiring an additional 12,383 shares in the last quarter. Finally, Group One Trading LLC acquired a new position in shares of Direxion Daily Retail Bull 3X Shares in the 2nd quarter valued at $26,000.

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.