Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL – Get Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $8.60 and traded as high as $8.86. Direxion Daily Retail Bull 3X ETF shares last traded at $8.84, with a volume of 259,711 shares trading hands.
Direxion Daily Retail Bull 3X ETF Stock Performance
The stock’s 50 day moving average price is $7.94 and its 200-day moving average price is $8.60. The company has a market cap of $32.44 million, a PE ratio of 13.74 and a beta of 3.48.
Institutional Investors Weigh In On Direxion Daily Retail Bull 3X ETF
A hedge fund recently raised its stake in Direxion Daily Retail Bull 3X ETF stock. Two Sigma Securities LLC boosted its stake in shares of Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL – Free Report) by 8.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,006 shares of the company’s stock after acquiring an additional 1,238 shares during the quarter. Two Sigma Securities LLC owned 0.53% of Direxion Daily Retail Bull 3X ETF worth $145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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.
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