Short Interest in Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Rises By 32.7%

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 360,347 shares, an increase of 32.7% from the November 30th total of 271,507 shares. Currently, 10.1% of the company’s stock are short sold. Based on an average daily volume of 528,766 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 528,766 shares, the short-interest ratio is presently 0.7 days. Currently, 10.1% of the company’s stock are short sold.

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

A number of large investors have recently bought and sold shares of the company. Group One Trading LLC bought a new position in shares of Direxion Daily Retail Bull 3X Shares during the 2nd quarter worth approximately $26,000. Jane Street Group LLC lifted its position 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 purchasing an additional 12,383 shares in the last quarter. Simplex Trading LLC boosted its holdings in Direxion Daily Retail Bull 3X Shares by 1,026.9% during the second quarter. Simplex Trading LLC now owns 16,566 shares of the company’s stock worth $125,000 after purchasing an additional 15,096 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Direxion Daily Retail Bull 3X Shares by 393.7% during the second 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 last quarter.

Direxion Daily Retail Bull 3X Shares Trading Down 2.1%

Shares of RETL stock traded down $0.20 on Tuesday, hitting $9.46. 132,935 shares of the stock were exchanged, compared to its average volume of 445,882. The firm has a market capitalization of $33.77 million, a P/E ratio of 13.74 and a beta of 3.79. Direxion Daily Retail Bull 3X Shares has a fifty-two week low of $4.12 and a fifty-two week high of $11.22. The business has a 50-day moving average of $8.92 and a 200 day moving average of $9.07.

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.