Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) Stock Falls 3.6% – Here’s What Happened

Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL – Get Free Report)’s share price traded down 3.6% during trading on Wednesday. The company traded as low as $8.10 and last traded at $8.22. 212,697 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 512,349 shares. The stock had previously closed at $8.53.

Direxion Daily Retail Bull 3X ETF Stock Down 3.6%

The company has a market capitalization of $33.46 million, a PE ratio of 13.74 and a beta of 3.48. The company has a 50-day moving average price of $7.99 and a two-hundred day moving average price of $8.42.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Direxion Daily Retail Bull 3X ETF stock. GTS Securities LLC raised its stake in shares of Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL – Free Report) by 2.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,614 shares of the company’s stock after buying an additional 2,059 shares during the quarter. GTS Securities LLC owned about 3.56% of Direxion Daily Retail Bull 3X ETF worth $977,000 at the end of the most recent reporting period.

Direxion Daily Retail Bull 3X ETF Company Profile

(Get Free Report)

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.

Further Reading

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