Direxion Daily 7-10 Year Treasury Bull 3x Shares (NYSEARCA:TYD) Short Interest Update

Direxion Daily 7-10 Year Treasury Bull 3x Shares (NYSEARCA:TYD) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 20,652 shares, an increase of 23.4% from the March 31st total of 16,734 shares. Based on an average daily volume of 17,810 shares, the short-interest ratio is currently 1.2 days. Currently, 1.4% of the shares of the stock are sold short.

Direxion Daily 7-10 Year Treasury Bull 3x Shares Price Performance

Shares of NYSEARCA:TYD traded up $0.06 on Friday, reaching $24.26. 5,106 shares of the company traded hands, compared to its average volume of 28,953. Direxion Daily 7-10 Year Treasury Bull 3x Shares has a fifty-two week low of $23.56 and a fifty-two week high of $26.86. The company’s 50 day moving average is $25.02 and its 200-day moving average is $25.55.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Group One Trading LLC increased its position in shares of Direxion Daily 7-10 Year Treasury Bull 3x Shares by 7,611.1% in the third quarter. Group One Trading LLC now owns 1,388 shares of the company’s stock worth $36,000 after acquiring an additional 1,370 shares in the last quarter. IMC Chicago LLC acquired a new position in Direxion Daily 7-10 Year Treasury Bull 3x Shares in the 4th quarter worth approximately $325,000. ORG Wealth Partners LLC grew its position 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 worth $423,000 after purchasing an additional 3,756 shares in the last quarter. Barclays PLC purchased a new position in Direxion Daily 7-10 Year Treasury Bull 3x Shares during the 4th quarter worth approximately $763,000. Finally, Virtu Financial LLC raised its stake in Direxion Daily 7-10 Year Treasury Bull 3x Shares by 37.0% during the 3rd quarter. Virtu Financial LLC now owns 50,022 shares of the company’s stock valued at $1,285,000 after purchasing an additional 13,511 shares during the period.

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.