Barclays PLC – iPath US Treasur (NASDAQ:DTYS) Stock Traded Over Its 50 Day Moving Average


Shares of the company are trading at $17.40 which is marginally higher than the 50 day moving average which is $16.28 and which is just over the 200 day moving average of $16.42. The 50 day moving average went up $1.12 or +6.8935% and the 200 day average was up $0.98. Trading was light with 250 shares changing hands in the last trading session. Volume was down 98.59% under the stocks average daily volume. Traders are a little more bullish on the company recently if you evaluate the fall in short interest. The company experienced a fall in short interest of -33.34% as of September 29, 2017 from the last reporting period. Short interest decreased from 27,593 to 18,394 over that period.

These funds have shifted positions in (DTYS). Wells Fargo & Company/mn reduced its ownership by selling 20,016 shares a decrease of 89.1% in the quarter. Wells Fargo & Company/mn now holds 2,448 shares worth $42,000. The value of the position overall is down by 90.0%. As of quarter end Royal Bank Of Canada had acquired a total of 21,043 shares growing its stake by 532.3%. The value of the investment in DTYS went from $74,000 to $425,000 a change of $351,000 quarter over quarter.

Jane Street Group, LLC bolstered its investment by buying 2,082 shares an increase of 3.5%. Jane Street Group, LLC owns 61,248 shares with a value of $1,041,000. The total value of its holdings decreased 6.0%.

The iPath US Treasury 10-year Bear ETN is designed to provide investors with inverse exposure to the Barclays 10Y US Treasury Futures Targeted Exposure Index. The Barclays 10Y US Treasury Futures Targeted Exposure Index (the ‘Index’) is designed to decrease in response to an increase in the 10-year Treasury note yields and to increase in response to a decrease in 10-year Treasury note yields. The Index targets a fixed level of sensitivity to changes in the yield of the current cheapest-to-deliver note underlying the relevant 10-year Treasury futures contract at a given point in time..