Direxion Daily 7-10 Year Treasury Bear 3x Shares (NYSEARCA:TYO) Short Interest Down 42.8% in April

Direxion Daily 7-10 Year Treasury Bear 3x Shares (NYSEARCA:TYO) was the recipient of a large drop in short interest during 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. Currently, 3.5% of the shares of the stock are sold short. Based on an average trading volume of 15,030 shares, the days-to-cover ratio is currently 1.9 days.

Direxion Daily 7-10 Year Treasury Bear 3x Shares Stock Performance

NYSEARCA:TYO opened at $14.44 on Tuesday. The business has a 50 day moving average of $13.67 and a 200 day moving average of $13.34. Direxion Daily 7-10 Year Treasury Bear 3x Shares has a 1-year low of $12.62 and a 1-year high of $14.62.

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

A number of hedge funds have recently bought and sold shares of the company. Virtu Financial LLC lifted its position in Direxion Daily 7-10 Year Treasury Bear 3x Shares by 55.1% in the 4th quarter. Virtu Financial LLC now owns 124,904 shares of the company’s stock worth $1,657,000 after buying an additional 44,370 shares during the last quarter. Jane Street Group LLC increased its stake in Direxion Daily 7-10 Year Treasury Bear 3x Shares by 82.7% in the 4th quarter. Jane Street Group LLC now owns 56,827 shares of the company’s stock worth $754,000 after purchasing an additional 25,730 shares during the period. Finally, Susquehanna International Group LLP increased its stake in Direxion Daily 7-10 Year Treasury Bear 3x Shares by 20.2% in the 3rd quarter. Susquehanna International Group LLP now owns 43,653 shares of the company’s stock worth $575,000 after purchasing 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.