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) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 61,591 shares, a decrease of 62.0% from the September 30th total of 162,207 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily volume of 295,238 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily Retail Bull 3X ETF Stock Performance

Direxion Daily Retail Bull 3X ETF stock traded down $0.06 during trading on Friday, reaching $8.78. The company had a trading volume of 421,606 shares, compared to its average volume of 506,161. The firm’s 50-day simple moving average is $7.94 and its 200 day simple moving average is $8.59. Direxion Daily Retail Bull 3X ETF has a 1-year low of $6.49 and a 1-year high of $11.29. The firm has a market capitalization of $32.22 million, a PE ratio of 13.74 and a beta of 3.48.

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

An institutional investor recently raised its position in Direxion Daily Retail Bull 3X ETF stock. Two Sigma Securities LLC boosted its holdings in shares of Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,006 shares of the company’s stock after acquiring an additional 1,238 shares during the period. Two Sigma Securities LLC owned 0.53% of Direxion Daily Retail Bull 3X ETF worth $145,000 at the end of the most recent reporting 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.