Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) Stock Short Interest Report for October

Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) was the target of a large decrease in short interest in the month of 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. Based on an average daily volume of 295,238 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.6% of the shares of the stock are sold short.

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

A hedge fund recently raised its stake in Direxion Daily Retail Bull 3X ETF stock. Two Sigma Securities LLC boosted its stake in shares of Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL) by 8.4% in the 2nd quarter, according to its most recent disclosure with the SEC. 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 quarter.

Direxion Daily Retail Bull 3X ETF Stock Performance

RETL traded down $0.06 during trading on Friday, reaching $8.78. 421,606 shares of the company traded hands, compared to its average volume of 506,161. Direxion Daily Retail Bull 3X ETF has a 12-month low of $6.49 and a 12-month high of $11.29. The firm has a fifty day simple moving average of $7.94 and a 200 day simple moving average of $8.59. The company has a market cap of $32.22 million, a P/E ratio of 13.74 and a beta of 3.48.

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.