Direxion Daily 7-10 Year Treasury Bull 3x Shares (NYSEARCA:TYD) Sees Large Decline in Short Interest

Direxion Daily 7-10 Year Treasury Bull 3x Shares (NYSEARCA:TYD) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 22,250 shares, a decline of 13.5% from the January 15th total of 25,726 shares. Based on an average daily volume of 33,488 shares, the short-interest ratio is currently 0.7 days. Approximately 1.3% of the shares of the company are sold short. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 33,488 shares, the short-interest ratio is currently 0.7 days.

Direxion Daily 7-10 Year Treasury Bull 3x Shares Stock Up 0.2%

Shares of TYD traded up $0.04 during mid-day trading on Tuesday, hitting $26.24. The company’s stock had a trading volume of 7,808 shares, compared to its average volume of 27,737. The firm has a 50-day simple moving average of $25.47 and a 200 day simple moving average of $25.79. Direxion Daily 7-10 Year Treasury Bull 3x Shares has a 1-year low of $23.42 and a 1-year high of $27.30.

Institutional Trading of Direxion Daily 7-10 Year Treasury Bull 3x Shares

A number of institutional investors have recently added to or reduced their stakes in TYD. Jane Street Group LLC purchased a new stake in shares of Direxion Daily 7-10 Year Treasury Bull 3x Shares during the 2nd quarter worth approximately $2,954,000. Modera Wealth Management LLC acquired a new position in shares of Direxion Daily 7-10 Year Treasury Bull 3x Shares during the 2nd quarter worth approximately $2,054,000. Virtu Financial LLC lifted its stake in Direxion Daily 7-10 Year Treasury Bull 3x Shares by 37.0% in the 3rd quarter. Virtu Financial LLC now owns 50,022 shares of the company’s stock valued at $1,285,000 after buying an additional 13,511 shares in the last quarter. Barclays PLC purchased a new stake in Direxion Daily 7-10 Year Treasury Bull 3x Shares in the 4th quarter valued at approximately $763,000. Finally, ORG Wealth Partners LLC grew its holdings in Direxion Daily 7-10 Year Treasury Bull 3x Shares by 29.5% during the 3rd quarter. ORG Wealth Partners LLC now owns 16,471 shares of the company’s stock valued at $423,000 after buying an additional 3,756 shares during the last quarter.

Direxion Daily 7-10 Year Treasury Bull 3x Shares Company Profile

Direxion Daily 7-10 Year Treasury Bull 3x Shares (the Fund), formerly Direxion Daily 10-Year Treasury Bull 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.