Direxion Daily 7-10 Year Treasury Bear 3x Shares (NYSEARCA:TYO) Sees Significant Decline in Short Interest

Direxion Daily 7-10 Year Treasury Bear 3x Shares (NYSEARCA:TYO) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 27,890 shares, a decrease of 42.8% from the April 15th total of 48,756 shares. Approximately 3.5% of the shares of the company 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 Up 0.1%

Direxion Daily 7-10 Year Treasury Bear 3x Shares stock traded up $0.01 during trading hours on Monday, hitting $14.44. The company had a trading volume of 63,052 shares, compared to its average volume of 25,538. Direxion Daily 7-10 Year Treasury Bear 3x Shares has a one year low of $12.62 and a one year high of $14.62. The firm has a 50-day moving average of $13.67 and a 200 day moving average of $13.34.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC raised its position in shares of Direxion Daily 7-10 Year Treasury Bear 3x Shares by 189.5% in the third quarter. Virtu Financial LLC now owns 80,534 shares of the company’s stock valued at $1,061,000 after buying an additional 52,713 shares in the last quarter. Jane Street Group LLC raised its position in shares of Direxion Daily 7-10 Year Treasury Bear 3x Shares by 384.2% in the second quarter. Jane Street Group LLC now owns 51,835 shares of the company’s stock valued at $695,000 after buying an additional 41,129 shares in the last quarter. Finally, Susquehanna International Group LLP raised its position in shares of Direxion Daily 7-10 Year Treasury Bear 3x Shares by 20.2% in 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 in 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.