Direxion Daily 7-10 Year Treasury Bull 3X ETF (NYSEARCA:TYD) Stock Short Interest Report for October

Direxion Daily 7-10 Year Treasury Bull 3X ETF (NYSEARCA:TYD) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 113,428 shares, a growth of 84.0% from the September 30th total of 61,629 shares. Based on an average daily volume of 53,497 shares, the days-to-cover ratio is currently 2.1 days. Approximately 8.1% of the company’s shares are short sold.

Direxion Daily 7-10 Year Treasury Bull 3X ETF Trading Up 1.5%

Direxion Daily 7-10 Year Treasury Bull 3X ETF stock opened at $21.53 on Friday. Direxion Daily 7-10 Year Treasury Bull 3X ETF has a 52-week low of $19.58 and a 52-week high of $26.76. The company’s 50 day moving average is $21.14 and its two-hundred day moving average is $23.49.

Hedge Funds Weigh In On Direxion Daily 7-10 Year Treasury Bull 3X ETF

A hedge fund recently bought a new position in Direxion Daily 7-10 Year Treasury Bull 3X ETF stock. NewEdge Advisors LLC bought a new stake in Direxion Daily 7-10 Year Treasury Bull 3X ETF (NYSEARCA:TYD) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,400 shares of the company’s stock, valued at approximately $271,000. NewEdge Advisors LLC owned approximately 0.81% of Direxion Daily 7-10 Year Treasury Bull 3X ETF at the end of the most recent quarter.

About Direxion Daily 7-10 Year Treasury Bull 3X ETF

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.