Short Interest in Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Declines By 64.1%

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 69,150 shares, a decline of 64.1% from the February 12th total of 192,651 shares. Based on an average daily volume of 549,915 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.0% of the shares of the stock are sold short. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily volume of 549,915 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily Retail Bull 3X Shares Stock Performance

Shares of RETL stock opened at $8.09 on Wednesday. Direxion Daily Retail Bull 3X Shares has a fifty-two week low of $4.12 and a fifty-two week high of $11.29. The stock’s fifty day moving average is $9.86 and its two-hundred day moving average is $9.56. The firm has a market capitalization of $28.07 million, a P/E ratio of 13.74 and a beta of 3.79.

Institutional Trading of Direxion Daily Retail Bull 3X Shares

A number of hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in Direxion Daily Retail Bull 3X Shares in the 4th quarter worth approximately $470,000. Quadrature Capital Ltd purchased a new position in Direxion Daily Retail Bull 3X Shares during the fourth quarter worth approximately $158,000. Goldman Sachs Group Inc. acquired a new position in Direxion Daily Retail Bull 3X Shares during the fourth quarter worth $461,000. Tower Research Capital LLC TRC grew its holdings 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 valued at $410,000 after buying an additional 43,035 shares in the last quarter. Finally, Group One Trading LLC acquired a new stake in shares of Direxion Daily Retail Bull 3X Shares in the 2nd quarter worth $26,000.

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.