Direxion Daily Retail Bull 3X ETF
RETL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York NY United States of America 10019
- IPO Date
- Jul 14, 2010
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Retail Bull 3X Shares (RETL) is an exchange-traded fund that provides leveraged investment results for investors seeking 300% of the daily performance of the S&P Retail Select Industry Index. The fund offers amplified exposure to the U.S. retail sector through daily leveraged investment strategies, swap agreements, futures contracts, and securities of the underlying index constituents; it does not invest directly in the index components but uses financial instruments to achieve its 3x bull leverage objective. Direxion Shares ETF Trust, the issuer, manages a suite of leveraged and inverse ETFs across various sectors, targeting sophisticated traders focused on short-term trading opportunities rather than long-term investment. Headquartered in Rye Brook, New York, and established in 2006 as part of Rafferty Asset Management, LLC, the Direxion family of ETFs operates primarily in the United States with listings on major exchanges like NYSE Arca. RETL serves retail investors, hedge funds, and institutional traders interested in heightened volatility plays within consumer discretionary and retail subsectors, including apparel, food retail, and specialty stores represented in the S&P Retail Select Industry Index. The fund emphasizes daily resetting leverage, which can lead to compounding effects over multiple days, and is designed for active monitoring due to its high-risk profile. In recent developments, Direxion announced enhancements to its leveraged ETF lineup in late 2024, including expanded options trading availability for select funds like RETL on major platforms amid rising retail investor interest in sector-specific leverage. The firm also completed a strategic rebranding and product optimization initiative in early 2025 to improve operational efficiency and investor accessibility, with no major acquisitions or funding rounds reported but ongoing partnerships with market makers to enhance liquidity. These changes position RETL for increased adoption in volatile retail market environments driven by e-commerce shifts and consumer spending trends.