|Bid||146.31 x 800|
|Ask||155.66 x 900|
|Day's Range||149.82 - 157.63|
|52 Week Range||40.30 - 292.60|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-45.96%|
|Beta (5Y Monthly)||4.24|
|Expense Ratio (net)||0.99%|
Direxion has announced it will execute a reverse split of the issued and outstanding shares of twelve ETFs (each, a "Fund" and collectively, the "Funds"). The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
Not only did the online shoppers come out for Black Friday, but the bears are also out for brick-and-mortar stores, which saw a 6% drop in sales according to retail analytics company ShopperTrak. If this trend continues to hold through Christmas, it paves the way for gains in the Long Online/Short Stores ETF ( CLIX) . CLIX seeks investment results that track the performance of the ProShares Long Online/Short Stores Index, which consists of long positions in the online retailers included in the ProShares Online Retail Index and short positions in the "bricks and mortar" retailers included in the Solactive-ProShares Bricks and Mortar Retail Store Index.
The National Retail Federation is expecting consumers to open their wallets this holiday season with sales growing 4% higher this year. This should translate into gains for the Direxion Daily Retail Bull 3X ETF (RETL) if their predictions hold up.
The bullish trend seems more likely this year with positive momentum built up in the space. This will result in huge demand for leveraged ETFs as investors seek to register big gains in a short span.
Here's why retail stocks may stage a holiday spending season breakout. Shop for some trading opportunities using these three retail ETFs.
September has been kind to the U.S. stock market thanks to another Fed rate cut and positive trade developments that have led to renewed trade of riskier assets.