Direxion Daily 7-10 Year Treasury Bear 3x Shares (NYSEARCA:TYO – Get Free Report) was the target of a significant 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. Approximately 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 Trading Up 2.5%
Shares of Direxion Daily 7-10 Year Treasury Bear 3x Shares stock traded up $0.35 on Friday, hitting $14.43. 42,033 shares of the company traded hands, compared to its average volume of 25,135. Direxion Daily 7-10 Year Treasury Bear 3x Shares has a 52 week low of $12.62 and a 52 week high of $14.62. The business has a 50-day simple moving average of $13.64 and a 200 day simple moving average of $13.32.
Institutional Investors Weigh In On Direxion Daily 7-10 Year Treasury Bear 3x Shares
Several institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP raised its position in shares of 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 buying an additional 7,347 shares during the last quarter. Jane Street Group LLC raised its position in shares of Direxion Daily 7-10 Year Treasury Bear 3x Shares by 82.7% during the fourth quarter. Jane Street Group LLC now owns 56,827 shares of the company’s stock valued at $754,000 after buying an additional 25,730 shares during the last quarter. Finally, Virtu Financial LLC raised its position in shares of Direxion Daily 7-10 Year Treasury Bear 3x Shares by 55.1% during the fourth quarter. Virtu Financial LLC now owns 124,904 shares of the company’s stock valued at $1,657,000 after buying an additional 44,370 shares during the last quarter.
About Direxion Daily 7-10 Year Treasury Bear 3x Shares
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.
Further Reading
- Five stocks we like better than Direxion Daily 7-10 Year Treasury Bear 3x Shares
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
- Target the Red-Hot Spin-Off and Merger Space With These ETFs
- Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes
Receive News & Ratings for Direxion Daily 7-10 Year Treasury Bear 3x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily 7-10 Year Treasury Bear 3x Shares and related companies with MarketBeat.com's FREE daily email newsletter.
