Short Interest in Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Declines By 33.5%

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

Direxion Daily Retail Bull 3X Shares Stock Performance

Shares of NYSEARCA RETL opened at $8.16 on Thursday. The firm has a market capitalization of $29.54 million, a P/E ratio of 13.74 and a beta of 3.51. Direxion Daily Retail Bull 3X Shares has a one year low of $6.49 and a one year high of $11.29. The company’s fifty day moving average is $8.18 and its two-hundred day moving average is $8.89.

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

Several institutional investors have recently made changes to their positions in the stock. Group One Trading LLC purchased a new stake in shares of Direxion Daily Retail Bull 3X Shares in the 2nd quarter worth about $26,000. Tower Research Capital LLC TRC boosted its position 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 worth $410,000 after buying an additional 43,035 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Direxion Daily Retail Bull 3X Shares in the 4th quarter worth about $461,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Retail Bull 3X Shares in the 4th quarter worth about $470,000. Finally, Jane Street Group LLC boosted 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 worth $220,000 after buying an additional 12,383 shares in the last quarter.

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.