Short Interest in Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Decreases By 43.7%

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 41,110 shares, a decrease of 43.7% from the June 30th total of 72,997 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 435,908 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily Retail Bull 3X Shares Stock Performance

Shares of NYSEARCA:RETL traded down $0.26 on Friday, hitting $9.56. The company’s stock had a trading volume of 330,868 shares, compared to its average volume of 596,094. The company has a market capitalization of $29.83 million, a price-to-earnings ratio of 13.74 and a beta of 3.47. The stock’s 50-day moving average is $8.84 and its two-hundred day moving average is $8.77. Direxion Daily Retail Bull 3X Shares has a 12 month low of $6.49 and a 12 month high of $11.29.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC bought a new position in shares of Direxion Daily Retail Bull 3X Shares in the second quarter valued at $26,000. Quadrature Capital Ltd acquired a new position in shares of Direxion Daily Retail Bull 3X Shares in the 4th quarter worth $158,000. Jane Street Group LLC raised its position in shares of Direxion Daily Retail Bull 3X Shares by 52.2% during the first 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. Tower Research Capital LLC TRC raised its position in shares of 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 purchasing an additional 43,035 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily Retail Bull 3X Shares during the fourth quarter valued at $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.