| Previous Close | 22.15 |
| Open | 0.00 |
| Bid | 0.00 x 800 |
| Ask | 27.19 x 800 |
| Day's Range | 21.84 - 22.94 |
| 52 Week Range | 16.19 - 49.60 |
| Volume | 28,642 |
| Avg. Volume | 40,909 |
| Net Assets | 13.25M |
| NAV | 21.92 |
| PE Ratio (TTM) | N/A |
| Yield | 1.43% |
| YTD Return | -5.08% |
| Beta (3Y Monthly) | 3.26 |
| Expense Ratio (net) | 0.99% |
| Inception Date | 2010-07-14 |
RETL seeks daily investment results equal to 300% of the daily performance of the S&P Retail Select Industry Index. Earlier this month, RETL was boosted after Walmart reported that sales at U.S. stores that were open at least a year went up 4.2 percent. The recent retail sales data revealed every major retail category, aside from motor vehicles and building materials, experienced a decline in sales over December – a closely observed month for the year, especially for department stores and other clothing shops, the Wall Street Journal reports.
On Tuesday, strong consumer spending during the fourth quarter, particularly the holidays, helped Walmart Inc to report better-than-expected earnings to end 2018. The news lifted the Direxion Daily Retail ...
Strong consumer spending during the fourth quarter, particularly the holidays, helped Walmart Inc to report better-than-expected earnings to end 2018. Shares of Walmart went up 4 percent, while the news ...
It's no question that the capital markets are waiting for a trade deal to materialize as ongoing negotiations forge on between the U.S. and China, but the retail industry, in particular, is urging U.S. President Donald Trump to end the trade war following the State of the Union address on Tuesday. "Achieving structural reforms, ending existing tariffs and putting an end to the trade war would provide much-needed certainty and relief for American businesses and families," said Matthew Shay, head of the National Retail Federation (NRF). In addition, online sales were also up 19.1 percent versus a year ago as more consumer spending habits shift to the internet from brick-and-mortar stores.
Retailers are having their best holiday season in six years, which helped to boost the Direxion Daily Retail Bull 3X ETF (RETL) , which gained over 17 percent on Wednesday. U.S. sales from Nov. 1 through Christmas Eve have risen by 5.1 percent to over $850 billion based on the latest numbers from Mastercard SpendingPulse, which tracks spending in brick-and-mortar stores as well as online stores. Online sales were also up 19.1 percent versus a year ago.
This is the time of year when retail stocks and the related exchange traded funds receive additional attention. For aggressive, risk-tolerant traders, the Direxion Daily Retail Bull 3X ETF (RETL) should be part of that conversation. RETL, the dominant name among leveraged retail ETFs, looks to deliver triple the daily performance of the equally-weighted S&P Retail Select Industry Index.
Christmas came early for retailers as a strong showing in sales during Thanksgiving, Black Friday and Cyber Monday gave retail-focused exchange-traded funds (ETFs) a boost, including the Direxion Daily Retail Bull 3X ETF (RETL), which was lifted past its 200-day moving average. Based on Yahoo! Finance performance figures, RETL is up 3.05% year-to-date and 51.60% the past year. In the last 5 days, RETL moved past its 200-day moving average with a tailwind of strong Black Friday sales amounting to a record $6.22 billion, according to Adobe Analytics.
A strong holiday shopping season is being predicted for 2018, with analysts at brokerage firm Edward Jones calling for a 5% increase in sales from last year, down slightly from the 5.6% year-over-year (YOY) growth rate posted in 2017, but still above the 5-year average, Barron's reports. More good news for retailers in 2018: inventories look lean, there's an additional shopping day before Christmas compared to 2017, and investments in ecommerce initiatives by brick-and-mortar stores appear set to pay off. Another Barron's article suggests that investors consider these 9 retail ETFs: Amplify Online Retail ETF ( IBUY), Direxion Daily Retail Bull 3X Shares ( RETL), First Trust Nasdaq Retail ETF ( FTXD), Invesco Dynamic Retail ETF ( PMR), ProShares Decline of the Retail Store ETF ( EMTY), ProShares Long Online/Short Stores ETF ( CLIX), ProShares Online Retail ETF ( ONLN), SPDR S&P Retail ETF ( XRT), and VanEck Retail Vectors ETF ( RTH).
With the holiday shopping season here, traders may be tempted to consider consumer discretionary and retail exchange traded funds (ETFs). RETL tries to deliver triple the daily returns of the S&P Retail Select Industry Index (SPSIRETR), an equal-weight collection of a variety of retailers. While RETL tumbled more than 6 percent on Friday, the leveraged retail ETF is still up more than 10 percent this month, making it one of Direxion's better-performing leveraged bullish funds to start November.
The latest data from the Commerce Department revealed that September saw a mild rise in retail sales, edging higher by 0.1%--a 0.6% rise was forecasted by a Reuters poll of economists, but with holiday season looming, is the Direxion Daily Retail Bull 3X ETF (RETL) in play? The biggest retail ETFs based on total assets have struggled the past month-- SPDR S&P Retail ETF (XRT) , Amplify Online Retail ETF (IBUY) and VanEck Vectors Retail ETF (RTH) . Retailers like Target are raising its seasonal hires by 20%, while online retailers like Amazon expect to employ 100,000 workers.
As the decline of brick-and-mortar stores continues to make headlines, online retail growth is booming around the world. Consumer spending is now happening online more than ever before as traditional retailers ...