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

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 123,253 shares, a decline of 65.8% from the December 15th total of 360,347 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average daily volume of 250,956 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 250,956 shares, the days-to-cover ratio is currently 0.5 days. Approximately 3.3% of the company’s shares are short sold.

Direxion Daily Retail Bull 3X Shares Price Performance

RETL traded down $0.19 during mid-day trading on Wednesday, hitting $10.69. The stock had a trading volume of 450,720 shares, compared to its average volume of 406,365. Direxion Daily Retail Bull 3X Shares has a 1-year low of $4.12 and a 1-year high of $11.22. The firm has a market capitalization of $39.23 million, a price-to-earnings ratio of 13.74 and a beta of 3.79. The stock’s fifty day simple moving average is $9.22 and its 200-day simple moving average is $9.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC bought a new stake in shares of Direxion Daily Retail Bull 3X Shares in the second quarter worth about $26,000. Jane Street Group LLC grew its position in shares of 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 valued at $220,000 after purchasing an additional 12,383 shares during the period. Simplex Trading LLC increased its stake in Direxion Daily Retail Bull 3X Shares by 1,026.9% during the 2nd quarter. Simplex Trading LLC now owns 16,566 shares of the company’s stock worth $125,000 after purchasing an additional 15,096 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Direxion Daily Retail Bull 3X Shares by 393.7% during the 2nd 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 in the last quarter.

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.