Short Interest in Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Decreases By 17.0%

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

Direxion Daily Retail Bull 3X Shares Trading Down 3.0%

Shares of Direxion Daily Retail Bull 3X Shares stock opened at $9.20 on Tuesday. The company has a market capitalization of $31.92 million, a P/E ratio of 13.74 and a beta of 3.79. The stock has a fifty day simple moving average of $10.00 and a 200 day simple moving average of $9.60. Direxion Daily Retail Bull 3X Shares has a 12-month low of $4.12 and a 12-month high of $11.29.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position 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 worth $410,000 after purchasing an additional 43,035 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Direxion Daily Retail Bull 3X Shares in the 4th quarter worth approximately $470,000. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily Retail Bull 3X Shares in the 4th quarter worth approximately $461,000. Jane Street Group LLC grew its holdings in shares of 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 in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Direxion Daily Retail Bull 3X Shares during the fourth quarter valued at approximately $158,000.

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.