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

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 55,519 shares, a decline of 56.9% from the May 31st total of 128,778 shares. Based on an average trading volume of 837,289 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RETL. Group One Trading LLC bought a new stake in shares of Direxion Daily Retail Bull 3X Shares during the 2nd quarter valued at about $26,000. Jane Street Group LLC lifted its holdings 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 worth $220,000 after acquiring an additional 12,383 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Direxion Daily Retail Bull 3X Shares in the fourth quarter valued at approximately $158,000. 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 valued at $410,000 after purchasing an additional 43,035 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily Retail Bull 3X Shares during the fourth quarter valued at approximately $461,000.

Direxion Daily Retail Bull 3X Shares Price Performance

RETL traded up $0.02 during trading hours on Wednesday, hitting $9.10. 227,836 shares of the stock were exchanged, compared to its average volume of 622,593. The stock has a market cap of $32.94 million, a price-to-earnings ratio of 13.74 and a beta of 3.51. The stock has a 50-day simple moving average of $8.30 and a 200-day simple moving average of $8.87. Direxion Daily Retail Bull 3X Shares has a 12 month low of $6.49 and a 12 month high of $11.29.

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.