Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Short Interest Down 43.7% in July

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 41,110 shares, a decrease of 43.7% from the June 30th total of 72,997 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 435,908 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Direxion Daily Retail Bull 3X Shares

Large investors have recently modified their holdings of the business. Group One Trading LLC purchased a new position in shares of Direxion Daily Retail Bull 3X Shares during the 2nd quarter worth approximately $26,000. Jane Street Group LLC raised 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 purchasing an additional 12,383 shares during the period. Quadrature Capital Ltd purchased a new stake in Direxion Daily Retail Bull 3X Shares in the fourth quarter valued at approximately $158,000. Tower Research Capital LLC TRC lifted 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 purchasing an additional 43,035 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Direxion Daily Retail Bull 3X Shares during the fourth quarter worth $461,000.

Direxion Daily Retail Bull 3X Shares Price Performance

RETL stock traded up $0.21 during trading on Wednesday, hitting $10.32. The stock had a trading volume of 491,826 shares, compared to its average volume of 597,404. The company’s 50-day moving average price is $8.70 and its two-hundred day moving average price is $8.77. The stock has a market capitalization of $35.29 million, a P/E ratio of 13.74 and a beta of 3.47. Direxion Daily Retail Bull 3X Shares has a twelve month low of $6.49 and a twelve month high of $11.29.

Direxion Daily Retail Bull 3X Shares Company Profile

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.