Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Shares Down 1.8% – Here’s Why

Shares of Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) were down 1.8% on Monday . The stock traded as low as $9.31 and last traded at $9.36. 320,152 shares changed hands during trading, a decline of 47% from the average daily volume of 608,633 shares. The stock had previously closed at $9.53.

Direxion Daily Retail Bull 3X Shares Price Performance

The company has a market capitalization of $32.01 million, a PE ratio of 13.74 and a beta of 3.47. The company’s 50 day simple moving average is $8.43 and its 200 day simple moving average is $8.79.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RETL. Group One Trading LLC purchased a new position in shares of Direxion Daily Retail Bull 3X Shares in the 2nd quarter valued at $26,000. Quadrature Capital Ltd acquired a new position in Direxion Daily Retail Bull 3X Shares in the fourth quarter valued at $158,000. Jane Street Group LLC boosted its stake in 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. Tower Research Capital LLC TRC grew its holdings 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 last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily Retail Bull 3X Shares during the fourth quarter worth about $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.