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

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 128,778 shares, a drop of 33.5% from the May 14th total of 193,598 shares. Based on an average daily trading volume, of 943,949 shares, the short-interest ratio is currently 0.1 days. Approximately 3.6% of the shares of the company are sold short.

Hedge Funds Weigh In On Direxion Daily Retail Bull 3X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the company. Group One Trading LLC purchased a new position in Direxion Daily Retail Bull 3X Shares in the 2nd quarter valued at $26,000. Quadrature Capital Ltd purchased a new position in Direxion Daily Retail Bull 3X Shares in the 4th quarter valued at $158,000. Jane Street Group LLC grew its position in 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 buying an additional 12,383 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Direxion Daily Retail Bull 3X Shares in the 4th quarter valued at $461,000. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily Retail Bull 3X Shares during the 4th quarter worth $470,000.

Direxion Daily Retail Bull 3X Shares Stock Up 0.1%

NYSEARCA:RETL traded up $0.01 during midday trading on Wednesday, reaching $8.95. The stock had a trading volume of 342,012 shares, compared to its average volume of 623,803. The firm has a fifty day simple moving average of $8.17 and a two-hundred day simple moving average of $8.90. Direxion Daily Retail Bull 3X Shares has a 12-month low of $6.49 and a 12-month high of $11.29. The stock has a market cap of $32.40 million, a P/E ratio of 13.74 and a beta of 3.51.

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.