Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 41,110 shares, a decline of 43.7% from the June 30th total of 72,997 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 435,908 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On Direxion Daily Retail Bull 3X Shares
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RETL. Jane Street Group LLC boosted its position in Direxion Daily Retail Bull 3X Shares by 52.2% in the 1st quarter. Jane Street Group LLC now owns 36,083 shares of the company’s stock worth $220,000 after purchasing an additional 12,383 shares in the last quarter. Group One Trading LLC purchased a new position in shares of Direxion Daily Retail Bull 3X Shares during the 2nd quarter valued at approximately $26,000. Tower Research Capital LLC TRC lifted its stake 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 valued at $410,000 after purchasing an additional 43,035 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily Retail Bull 3X Shares in the 4th quarter valued at $461,000. Finally, Quadrature Capital Ltd acquired a new stake in Direxion Daily Retail Bull 3X Shares during the fourth quarter valued at $158,000.
Direxion Daily Retail Bull 3X Shares Trading Up 2.1%
Shares of RETL stock traded up $0.21 during mid-day trading on Wednesday, reaching $10.32. The stock had a trading volume of 491,826 shares, compared to its average volume of 597,404. Direxion Daily Retail Bull 3X Shares has a 1-year low of $6.49 and a 1-year high of $11.29. The firm has a market cap of $35.29 million, a price-to-earnings ratio of 13.74 and a beta of 3.47. The business’s fifty day moving average is $8.70 and its 200-day moving average is $8.77.
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.
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