Short Interest in Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) Drops By 36.2%

Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 122,800 shares, a drop of 36.2% from the May 15th total of 192,500 shares. Based on an average daily volume of 710,800 shares, the short-interest ratio is currently 0.2 days. Approximately 2.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RETL. Virtu Financial LLC acquired a new position in shares of Direxion Daily Retail Bull 3X Shares during the first quarter worth approximately $449,000. GTS Securities LLC bought a new stake in shares of Direxion Daily Retail Bull 3X Shares in the 4th quarter valued at approximately $524,000. Jane Street Group LLC boosted its stake in Direxion Daily Retail Bull 3X Shares 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 buying an additional 12,383 shares in the last quarter. IMC Chicago LLC bought a new position in shares of Direxion Daily Retail Bull 3X Shares during the first quarter valued at $210,000. Finally, HighTower Advisors LLC bought a new stake in shares of Direxion Daily Retail Bull 3X Shares in the 4th quarter worth about $99,000.

Direxion Daily Retail Bull 3X Shares Trading Down 3.1%

NYSEARCA RETL traded down $0.23 during trading on Tuesday, hitting $7.35. 214,540 shares of the company traded hands, compared to its average volume of 434,465. Direxion Daily Retail Bull 3X Shares has a 12 month low of $4.12 and a 12 month high of $11.92. The business has a fifty day simple moving average of $6.50 and a 200 day simple moving average of $7.96. The company has a market capitalization of $40.19 million, a P/E ratio of 13.74 and a beta of 3.89.

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.