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

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 192,651 shares, a decrease of 17.0% from the January 29th total of 232,022 shares. Based on an average trading volume of 421,840 shares, the days-to-cover ratio is presently 0.5 days. Currently, 5.6% of the company’s shares are short sold. Currently, 5.6% of the company’s shares are short sold. Based on an average trading volume of 421,840 shares, the days-to-cover ratio is presently 0.5 days.

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

A number of hedge funds have recently made changes to their positions in the stock. Group One Trading LLC acquired a new stake in shares of Direxion Daily Retail Bull 3X Shares during the 2nd quarter worth $26,000. Jane Street Group LLC boosted its holdings in 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 valued at $220,000 after acquiring an additional 12,383 shares during the last quarter. Simplex Trading LLC grew its position 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 valued at $125,000 after acquiring an additional 15,096 shares during the period. Quadrature Capital Ltd purchased a new stake in Direxion Daily Retail Bull 3X Shares during the fourth quarter valued at about $158,000. Finally, Tower Research Capital LLC TRC increased its stake 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 acquiring an additional 43,035 shares during the last quarter.

Direxion Daily Retail Bull 3X Shares Stock Up 0.9%

Shares of RETL stock traded up $0.08 during trading hours on Wednesday, hitting $9.13. 444,878 shares of the company were exchanged, compared to its average volume of 434,171. The firm has a fifty day moving average of $9.99 and a 200 day moving average of $9.60. Direxion Daily Retail Bull 3X Shares has a 1 year low of $4.12 and a 1 year high of $11.29. The firm has a market cap of $31.68 million, a PE ratio of 13.74 and a beta of 3.79.

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.