Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) Shares Shorted: Short Interest Down 62.0% in October

Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 61,591 shares, a decline of 62.0% from the September 30th total of 162,207 shares. Based on an average daily trading volume, of 295,238 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.6% of the company’s stock are short sold.

Direxion Daily Retail Bull 3X ETF Stock Performance

Shares of RETL stock opened at $8.21 on Thursday. Direxion Daily Retail Bull 3X ETF has a 52-week low of $6.49 and a 52-week high of $11.29. The firm’s 50-day moving average is $7.95 and its 200-day moving average is $8.61. The stock has a market cap of $30.13 million, a price-to-earnings ratio of 13.74 and a beta of 3.48.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily Retail Bull 3X ETF stock. Two Sigma Securities LLC grew its position in shares of Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) by 8.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,006 shares of the company’s stock after purchasing an additional 1,238 shares during the quarter. Two Sigma Securities LLC owned approximately 0.53% of Direxion Daily Retail Bull 3X ETF worth $145,000 as of its most recent SEC filing.

Direxion Daily Retail Bull 3X ETF 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.