Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Short Interest Down 65.8% in December

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 123,253 shares, a decrease of 65.8% from the December 15th total of 360,347 shares. Currently, 3.3% of the company’s stock are sold short. Based on an average daily volume of 250,956 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 250,956 shares, the days-to-cover ratio is presently 0.5 days. Currently, 3.3% of the company’s stock are sold short.

Direxion Daily Retail Bull 3X Shares Trading Down 0.4%

RETL opened at $10.76 on Tuesday. Direxion Daily Retail Bull 3X Shares has a twelve month low of $4.12 and a twelve month high of $11.22. The firm has a market cap of $40.57 million, a price-to-earnings ratio of 13.74 and a beta of 3.79. The company has a fifty day simple moving average of $9.10 and a 200 day simple moving average of $9.23.

Institutional Trading of Direxion Daily Retail Bull 3X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its stake in shares of Direxion Daily Retail Bull 3X Shares by 393.7% in the second quarter. Tower Research Capital LLC TRC now owns 53,966 shares of the company’s stock worth $410,000 after acquiring an additional 43,035 shares in the last quarter. Jane Street Group LLC raised its position in shares of 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 purchasing an additional 12,383 shares in the last quarter. Simplex Trading LLC raised its position in shares of Direxion Daily Retail Bull 3X Shares by 1,026.9% in the 2nd quarter. Simplex Trading LLC now owns 16,566 shares of the company’s stock valued at $125,000 after purchasing an additional 15,096 shares in the last quarter. Finally, Group One Trading LLC purchased a new position in shares of Direxion Daily Retail Bull 3X Shares during the 2nd quarter valued at approximately $26,000.

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.