RETLDirexion Daily Retail Bull 3x Shares
RETL Fund Description
The Direxion Daily Retail Bull ETF provides 3x exposure to an equally weighted index of stocks in the US retail industry.
RETL Factset Analytics Insight
As a levered product, RETL is not a buy-and-hold ETF; it's a short-term tactical instrument. Like many levered funds, it promises 3x exposure only for one day. Over longer periods, returns can vary significantly from 3x exposure to its underlying index. Investors should note that RETL's underlying index may have a different take on the retail space than other indexes. Apparel, auto parts & service, and specialty retailers all get extra weight here, while department stores are underweighted. The index also extends into some unexpected sectors like oil & gas refining and marketing. RETL charges a high but fair fee for its leveraged exposure. As a short-term product, trading costs are relatively more important here than with buy-and-hold ETFs. Unfortunately, despite middling volume, the RETL frequently has massive spreads that will pose a high hurdle for efficient trading.
RETL changed its underlying index from Russell 1000 Retail Index to S&P Retail Select Industry Index on 12/1/2016.
RETL CHARTS AND PERFORMANCE
RETL Summary Data
RETL Portfolio Data
RETL Index Data
RETL Fund Structure
RETL Tax Exposures
RETL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RETL. RETL is rated a 5 out of 5.
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.