Direxion Daily 7-10 Year Treasury Bear 3x Shares (NYSEARCA:TYO – Get Free Report) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 27,890 shares, a drop of 42.8% from the April 15th total of 48,756 shares. Based on an average daily volume of 15,030 shares, the days-to-cover ratio is presently 1.9 days. Currently, 3.5% of the shares of the company are sold short.
Direxion Daily 7-10 Year Treasury Bear 3x Shares Price Performance
NYSEARCA TYO traded up $0.35 on Friday, reaching $14.43. 42,033 shares of the stock were exchanged, compared to its average volume of 25,135. Direxion Daily 7-10 Year Treasury Bear 3x Shares has a one year low of $12.62 and a one year high of $14.62. The company’s 50-day simple moving average is $13.64 and its two-hundred day simple moving average is $13.32.
Institutional Investors Weigh In On Direxion Daily 7-10 Year Treasury Bear 3x Shares
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TYO. Virtu Financial LLC raised its stake in Direxion Daily 7-10 Year Treasury Bear 3x Shares by 189.5% during the 3rd quarter. Virtu Financial LLC now owns 80,534 shares of the company’s stock worth $1,061,000 after acquiring an additional 52,713 shares during the period. Jane Street Group LLC raised its holdings in Direxion Daily 7-10 Year Treasury Bear 3x Shares by 384.2% during the second quarter. Jane Street Group LLC now owns 51,835 shares of the company’s stock valued at $695,000 after acquiring an additional 41,129 shares during the period. Finally, Susquehanna International Group LLP raised its holdings in Direxion Daily 7-10 Year Treasury Bear 3x Shares by 20.2% during the third quarter. Susquehanna International Group LLP now owns 43,653 shares of the company’s stock valued at $575,000 after acquiring an additional 7,347 shares during the period.
Direxion Daily 7-10 Year Treasury Bear 3x Shares Company Profile
Direxion Daily 7-10 Year Treasury Bear 3X Shares (the Fund), formerly Direxion Daily 10-Year Treasury Bear 3X Shares, seeks daily investment results of 300% of the price performance of the NYSE 7-10 Year Treasury Bond Index (the Index). The Index is a multiple-security fixed income index that aims to track the total returns of the intermediate 7 to 10 year maturity range of the United States Treasury bond market. Rafferty Asset Management, LLC is the Fund’s investment adviser.
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