Short Interest in Direxion Daily 7-10 Year Treasury Bull 3x Shares (NYSEARCA:TYD) Drops By 38.4%

Direxion Daily 7-10 Year Treasury Bull 3x Shares (NYSEARCA:TYD) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 24,700 shares, a decline of 38.4% from the November 30th total of 40,113 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 37,779 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 37,779 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Direxion Daily 7-10 Year Treasury Bull 3x Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in TYD. Group One Trading LLC increased its holdings in shares of Direxion Daily 7-10 Year Treasury Bull 3x Shares by 7,611.1% in the 3rd quarter. Group One Trading LLC now owns 1,388 shares of the company’s stock valued at $36,000 after acquiring an additional 1,370 shares during the period. Simplex Trading LLC raised its holdings in Direxion Daily 7-10 Year Treasury Bull 3x Shares by 78.4% during the 2nd quarter. Simplex Trading LLC now owns 5,279 shares of the company’s stock worth $133,000 after buying an additional 2,320 shares during the period. ORG Wealth Partners LLC raised its holdings in shares of Direxion Daily 7-10 Year Treasury Bull 3x Shares by 29.1% during the 2nd quarter. ORG Wealth Partners LLC now owns 12,715 shares of the company’s stock valued at $321,000 after purchasing an additional 2,869 shares in the last quarter. Virtu Financial LLC grew its position in Direxion Daily 7-10 Year Treasury Bull 3x Shares by 37.0% during the third quarter. Virtu Financial LLC now owns 50,022 shares of the company’s stock worth $1,285,000 after buying an additional 13,511 shares in the last quarter. Finally, Modera Wealth Management LLC acquired a new position in shares of Direxion Daily 7-10 Year Treasury Bull 3x Shares during the second quarter valued at $2,054,000.

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

Shares of TYD traded up $0.05 during midday trading on Friday, reaching $25.67. 10,069 shares of the stock were exchanged, compared to its average volume of 55,836. Direxion Daily 7-10 Year Treasury Bull 3x Shares has a twelve month low of $22.37 and a twelve month high of $27.30. The stock’s 50 day simple moving average is $26.07 and its 200 day simple moving average is $25.61.

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.