Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Short Interest Down 64.1% in February

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 69,150 shares, a drop of 64.1% from the February 12th total of 192,651 shares. Based on an average daily volume of 549,915 shares, the short-interest ratio is presently 0.1 days. Currently, 2.0% of the company’s shares are short sold. Currently, 2.0% of the company’s shares are short sold. Based on an average daily volume of 549,915 shares, the short-interest ratio is presently 0.1 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Group One Trading LLC purchased a new stake in Direxion Daily Retail Bull 3X Shares in the second quarter valued at $26,000. Simplex Trading LLC raised its holdings in 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 buying an additional 15,096 shares during the period. Quadrature Capital Ltd acquired a new position in Direxion Daily Retail Bull 3X Shares in the fourth quarter valued at about $158,000. Jane Street Group LLC lifted its position in Direxion Daily Retail Bull 3X Shares by 52.2% in the first 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 last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Direxion Daily Retail Bull 3X Shares by 393.7% during 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 period.

Direxion Daily Retail Bull 3X Shares Price Performance

NYSEARCA:RETL opened at $8.09 on Wednesday. The company’s 50-day moving average is $9.86 and its two-hundred day moving average is $9.56. Direxion Daily Retail Bull 3X Shares has a 1-year low of $4.12 and a 1-year high of $11.29. The firm has a market capitalization of $28.07 million, a price-to-earnings ratio of 13.74 and a beta of 3.79.

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.