Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL – Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $8.60 and traded as high as $8.86. Direxion Daily Retail Bull 3X ETF shares last traded at $8.84, with a volume of 259,711 shares changing hands.
Direxion Daily Retail Bull 3X ETF Price Performance
The firm’s 50 day moving average is $7.94 and its two-hundred day moving average is $8.59. The firm has a market capitalization of $32.22 million, a P/E ratio of 13.74 and a beta of 3.48.
Hedge Funds Weigh In On Direxion Daily Retail Bull 3X ETF
A hedge fund recently raised its stake in Direxion Daily Retail Bull 3X ETF stock. Two Sigma Securities LLC raised its holdings in Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL – Free Report) by 8.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,006 shares of the company’s stock after buying an additional 1,238 shares during the period. Two Sigma Securities LLC owned about 0.53% of Direxion Daily Retail Bull 3X ETF worth $145,000 at the end of the most recent quarter.
About Direxion Daily Retail Bull 3X ETF
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.
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