Short Interest in Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Grows By 112.9%

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 147,187 shares, a growth of 112.9% from the February 26th total of 69,150 shares. Based on an average daily trading volume, of 758,567 shares, the days-to-cover ratio is presently 0.2 days. Approximately 4.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RETL. Group One Trading LLC acquired a new position in shares of Direxion Daily Retail Bull 3X Shares during the 2nd quarter worth approximately $26,000. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily Retail Bull 3X Shares in the fourth quarter valued at approximately $158,000. Jane Street Group LLC increased 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 purchasing an additional 12,383 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in 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 buying an additional 43,035 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in Direxion Daily Retail Bull 3X Shares during the fourth quarter worth approximately $461,000.

Direxion Daily Retail Bull 3X Shares Stock Performance

Shares of NYSEARCA:RETL traded down $0.04 during midday trading on Thursday, hitting $7.28. The company’s stock had a trading volume of 788,913 shares, compared to its average volume of 525,768. The business’s 50 day simple moving average is $9.14 and its 200 day simple moving average is $9.34. The company has a market cap of $25.26 million, a P/E ratio of 13.74 and a beta of 3.79. Direxion Daily Retail Bull 3X Shares has a 12-month low of $4.12 and a 12-month high of $11.29.

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.