Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Short Interest Up 112.9% in March

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 147,187 shares, a growth of 112.9% from the February 26th total of 69,150 shares. Currently, 4.2% of the shares of the company are short sold. Based on an average trading volume of 758,567 shares, the days-to-cover ratio is presently 0.2 days.

Direxion Daily Retail Bull 3X Shares Price Performance

Shares of NYSEARCA:RETL opened at $6.91 on Friday. The firm’s 50 day simple moving average is $9.06 and its two-hundred day simple moving average is $9.32. The company has a market capitalization of $23.98 million, a P/E ratio of 13.74 and a beta of 3.79. Direxion Daily Retail Bull 3X Shares has a 1-year low of $4.12 and a 1-year high of $11.29.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Group One Trading LLC purchased a new position in shares of Direxion Daily Retail Bull 3X Shares in the 2nd quarter worth approximately $26,000. Jane Street Group LLC raised its holdings in Direxion Daily Retail Bull 3X Shares by 52.2% during the 1st quarter. Jane Street Group LLC now owns 36,083 shares of the company’s stock valued at $220,000 after buying an additional 12,383 shares during the period. Quadrature Capital Ltd purchased a new stake in Direxion Daily Retail Bull 3X Shares during the 4th quarter valued at $158,000. Tower Research Capital LLC TRC lifted its position in 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 buying an additional 43,035 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Direxion Daily Retail Bull 3X Shares in the fourth quarter worth $461,000.

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.