IMC Chicago LLC Invests $999,000 in Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL)

IMC Chicago LLC bought a new position in shares of Direxion Daily Retail Bull 3X Shares (NYSEARCA:RETL) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 88,899 shares of the company’s stock, valued at approximately $999,000.

Direxion Daily Retail Bull 3X Shares Stock Performance

Shares of RETL opened at $9.18 on Friday. The stock has a 50 day simple moving average of $9.31 and a 200 day simple moving average of $9.16. Direxion Daily Retail Bull 3X Shares has a 52-week low of $4.83 and a 52-week high of $11.40. The firm has a market capitalization of $51.13 million, a PE ratio of 14.17 and a beta of 3.55.

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.