Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Short Interest Down 56.9% in June

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the recipient of 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. Currently, 1.5% of the company’s shares are short sold. Based on an average daily volume of 837,289 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of large investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its stake 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. Group One Trading LLC purchased a new stake in shares of Direxion Daily Retail Bull 3X Shares in the second quarter valued at $26,000. Tower Research Capital LLC TRC lifted its holdings 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 valued at $410,000 after purchasing an additional 43,035 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily Retail Bull 3X Shares in the fourth quarter valued at $461,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily Retail Bull 3X Shares in the fourth quarter worth $158,000.

Direxion Daily Retail Bull 3X Shares Price Performance

NYSEARCA RETL traded down $0.08 on Tuesday, hitting $9.08. 418,421 shares of the company were exchanged, compared to its average volume of 625,890. Direxion Daily Retail Bull 3X Shares has a twelve month low of $6.49 and a twelve month high of $11.29. The firm has a market capitalization of $32.87 million, a P/E ratio of 13.74 and a beta of 3.51. The company’s 50 day moving average price is $8.30 and its 200-day moving average price is $8.87.

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.