Short Interest in Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Increases By 274.0%

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 163,430 shares, a growth of 274.0% from the April 15th total of 43,700 shares. Approximately 4.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 525,536 shares, the days-to-cover ratio is presently 0.3 days.

Direxion Daily Retail Bull 3X Shares Price Performance

Shares of NYSEARCA RETL traded down $0.32 during mid-day trading on Friday, hitting $6.84. 621,659 shares of the company’s stock traded hands, compared to its average volume of 570,144. The company’s 50-day moving average is $7.91 and its two-hundred day moving average is $8.90. The company has a market capitalization of $24.76 million, a P/E ratio of 13.74 and a beta of 3.59. Direxion Daily Retail Bull 3X Shares has a 1 year low of $6.72 and a 1 year high of $11.29.

Institutional Trading of Direxion Daily Retail Bull 3X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Group One Trading LLC purchased a new stake in Direxion Daily Retail Bull 3X Shares in the 2nd quarter worth about $26,000. Jane Street Group LLC raised its position in Direxion Daily Retail Bull 3X Shares by 52.2% in the 1st 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 during the period. Quadrature Capital Ltd purchased a new stake in Direxion Daily Retail Bull 3X Shares in the 4th quarter worth about $158,000. Tower Research Capital LLC TRC raised its position in Direxion Daily Retail Bull 3X Shares by 393.7% in 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 during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in Direxion Daily Retail Bull 3X Shares in the 4th quarter worth about $461,000.

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.