Last year, traditional retailers were being left for dead. While myriad issues, not the least of which is the competitive threat from e-commerce, still linger for brick-and-mortar retailers, price action says 2018 is marking a resurgence for the group.
On Monday, one of the three exchange traded funds (ETFs) hitting all-time highs was a retail fund and the S&P Retail Select Industry Index is within striking distance of 52-week highs.
What Happened
The fund gave back some of those gains Monday, but remains one of Direxion's best-performing leveraged bullish ETFs on a month-to-date basis.
Why It's Important
Data suggest traders have recently been displaying some enthusiasm for the triple-leveraged RETL. Volume in RETL has been higher than normal over the past several days and over the past month, traders have been allocation an average of nearly $148,000 per day to the fund, according to issuer data.
RETL's underlying index devotes about 59 percent of its weight to specialty retailers while Internet and multi-line retailers combine for 29 percent.
What's Next
While second-quarter earnings season is winding down, RETL could be a valid earnings this week as several marquee members of the S&P Retail Select Industry Index step into the earnings confessional. That index is up 10.10 percent since the tart of the third quarter.
Related Links:
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
