Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Sees Large Growth in Short Interest

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 223,802 shares, an increase of 52.1% from the March 15th total of 147,187 shares. Currently, 5.8% of the company’s stock are short sold. Based on an average daily volume of 775,481 shares, the days-to-cover ratio is presently 0.3 days.

Direxion Daily Retail Bull 3X Shares Trading Up 1.4%

RETL traded up $0.11 during trading on Tuesday, reaching $8.24. The stock had a trading volume of 212,293 shares, compared to its average volume of 556,450. The stock’s 50 day moving average is $8.51 and its two-hundred day moving average is $9.09. The company has a market capitalization of $32.30 million, a price-to-earnings ratio of 13.74 and a beta of 3.69. Direxion Daily Retail Bull 3X Shares has a one year low of $4.63 and a one year high of $11.29.

Hedge Funds Weigh In On Direxion Daily Retail Bull 3X Shares

Institutional investors have recently added to or reduced their stakes in the company. Group One Trading LLC bought a new position in Direxion Daily Retail Bull 3X Shares in the second quarter worth $26,000. Quadrature Capital Ltd bought a new position in Direxion Daily Retail Bull 3X Shares in the fourth quarter worth $158,000. Jane Street Group LLC raised its holdings in Direxion Daily Retail Bull 3X Shares by 52.2% in the first 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. Goldman Sachs Group Inc. bought a new position in Direxion Daily Retail Bull 3X Shares in the fourth quarter worth $461,000. Finally, Virtu Financial LLC bought a new position in Direxion Daily Retail Bull 3X Shares in the fourth quarter worth $470,000.

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.