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

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 43,700 shares, a decline of 80.5% from the March 31st total of 223,802 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily trading volume, of 586,620 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Direxion Daily Retail Bull 3X Shares

Several institutional investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of Direxion Daily Retail Bull 3X Shares during the 4th quarter worth approximately $470,000. Quadrature Capital Ltd bought a new stake in shares of Direxion Daily Retail Bull 3X Shares during the 4th quarter worth approximately $158,000. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily Retail Bull 3X Shares during the 4th quarter worth approximately $461,000. Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily Retail Bull 3X Shares by 393.7% during the 2nd 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 in the last quarter. Finally, Group One Trading LLC bought a new stake in shares of Direxion Daily Retail Bull 3X Shares during the 2nd quarter worth approximately $26,000.

Direxion Daily Retail Bull 3X Shares Stock Down 0.7%

Shares of RETL traded down $0.06 on Friday, hitting $8.84. The company’s stock had a trading volume of 496,823 shares, compared to its average volume of 549,364. The firm’s fifty day moving average price is $8.32 and its 200-day moving average price is $9.02. Direxion Daily Retail Bull 3X Shares has a fifty-two week low of $5.14 and a fifty-two week high of $11.29. The firm has a market capitalization of $34.21 million, a price-to-earnings ratio of 13.74 and a beta of 3.69.

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.