Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) Trading Down 4.8% – Here’s What Happened

Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) was down 4.8% during mid-day trading on Wednesday . The stock traded as low as $7.73 and last traded at $7.75. 267,241 shares traded hands during trading, a decline of 51% from the average session volume of 548,060 shares. The stock had previously closed at $8.14.

Direxion Daily Retail Bull 3X ETF Stock Up 4.1%

The business’s fifty day moving average is $9.07 and its 200 day moving average is $8.50. The stock has a market cap of $23.74 million, a PE ratio of 13.74 and a beta of 3.46.

Institutional Trading of Direxion Daily Retail Bull 3X ETF

A number of large investors have recently made changes to their positions in the stock. Group One Trading LLC purchased a new stake in Direxion Daily Retail Bull 3X ETF in the 2nd quarter valued at about $26,000. Two Sigma Securities LLC increased its position in shares of Direxion Daily Retail Bull 3X ETF by 8.4% in the second quarter. Two Sigma Securities LLC now owns 16,006 shares of the company’s stock worth $145,000 after acquiring an additional 1,238 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily Retail Bull 3X ETF in the fourth quarter worth $158,000. Jane Street Group LLC raised its stake in shares of Direxion Daily Retail Bull 3X ETF 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 acquiring an additional 12,383 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily Retail Bull 3X ETF by 393.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 53,966 shares of the company’s stock valued at $410,000 after acquiring an additional 43,035 shares during the period.

About Direxion Daily Retail Bull 3X ETF

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.