Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Short Interest Update

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 55,519 shares, a drop of 56.9% from the May 31st total of 128,778 shares. Based on an average daily trading volume, of 837,289 shares, the short-interest ratio is currently 0.1 days. Approximately 1.5% of the company’s stock are sold short.

Direxion Daily Retail Bull 3X Shares Trading Up 0.2%

Shares of NYSEARCA:RETL opened at $9.38 on Monday. The stock has a fifty day simple moving average of $8.29 and a two-hundred day simple moving average of $8.88. Direxion Daily Retail Bull 3X Shares has a 12-month low of $6.49 and a 12-month high of $11.29. The stock has a market capitalization of $33.96 million, a price-to-earnings ratio of 13.74 and a beta of 3.51.

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

Several large investors have recently modified their holdings of the stock. Group One Trading LLC purchased a new stake in Direxion Daily Retail Bull 3X Shares during the 2nd quarter valued at about $26,000. Virtu Financial LLC purchased a new position in Direxion Daily Retail Bull 3X Shares in the fourth quarter worth about $470,000. Goldman Sachs Group Inc. purchased a new position in Direxion Daily Retail Bull 3X Shares in the fourth quarter worth about $461,000. Tower Research Capital LLC TRC lifted its stake in shares of Direxion Daily Retail Bull 3X Shares by 393.7% in the second quarter. Tower Research Capital LLC TRC now owns 53,966 shares of the company’s stock worth $410,000 after buying an additional 43,035 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of 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 buying an additional 12,383 shares in the last quarter.

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.