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

by · The Markets Daily

Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL – Get Free Report) fell 3.6% during trading on Wednesday. The stock traded as low as $8.10 and last traded at $8.22. Approximately 212,697 shares traded hands during 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 Performance

The business’s 50 day moving average price is $7.98 and its 200 day moving average price is $8.43. The firm has a market cap of $34.11 million, a price-to-earnings ratio of 13.74 and a beta of 3.48.

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

An institutional investor recently raised its position in Direxion Daily Retail Bull 3X ETF stock. GTS Securities LLC boosted its holdings in Direxion Daily Retail Bull 3X ETF (NYSEARCA:RETL – Free Report) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 107,614 shares of the company’s stock after acquiring 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 as of its most recent filing with the SEC.

About Direxion Daily Retail Bull 3X ETF

(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.

See Also