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 recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 147,187 shares, an increase of 112.9% from the February 26th total of 69,150 shares. Based on an average trading volume of 758,567 shares, the days-to-cover ratio is presently 0.2 days. Approximately 4.2% of the company’s stock are short sold.

Direxion Daily Retail Bull 3X Shares Stock Down 0.5%

Shares of Direxion Daily Retail Bull 3X Shares stock traded down $0.04 during midday trading on Thursday, hitting $7.28. The company had a trading volume of 788,913 shares, compared to its average volume of 525,768. The company has a fifty day simple moving average of $9.14 and a 200 day simple moving average of $9.34. The stock has a market cap of $25.26 million, a price-to-earnings 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.

Institutional Investors Weigh In On Direxion Daily Retail Bull 3X Shares

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in Direxion Daily Retail Bull 3X Shares in the fourth quarter valued at approximately $470,000. Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily Retail Bull 3X Shares during the 4th quarter valued at approximately $461,000. Tower Research Capital LLC TRC lifted its stake in shares of 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 valued at $410,000 after purchasing an additional 43,035 shares during the period. Jane Street Group LLC boosted its holdings in Direxion Daily Retail Bull 3X Shares by 52.2% during the first quarter. Jane Street Group LLC now owns 36,083 shares of the company’s stock worth $220,000 after buying an additional 12,383 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Direxion Daily Retail Bull 3X Shares during the fourth quarter valued at $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.