Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Short Interest Update

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 65,002 shares, a growth of 62.9% from the November 30th total of 39,903 shares. Currently, 7.4% of the shares of the company are short sold. Based on an average trading volume of 100,707 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 100,707 shares, the days-to-cover ratio is currently 0.6 days. Currently, 7.4% of the shares of the company are short sold.

Direxion Daily LLY Bull 2X Shares Trading Down 0.6%

Shares of NASDAQ:ELIL traded down $0.18 during trading on Tuesday, reaching $28.43. The company had a trading volume of 9,124 shares, compared to its average volume of 126,343. The stock’s fifty day moving average price is $26.70 and its 200 day moving average price is $20.67. Direxion Daily LLY Bull 2X Shares has a fifty-two week low of $11.50 and a fifty-two week high of $34.28.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd will be issued a dividend of $0.1321 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $0.53 annualized dividend and a yield of 1.9%.

Institutional Trading of Direxion Daily LLY Bull 2X Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily LLY Bull 2X Shares in the 1st quarter valued at $585,000. SBI Securities Co. Ltd. acquired a new position in Direxion Daily LLY Bull 2X Shares during the third quarter valued at approximately $30,000. Optiver Holding B.V. grew its stake in Direxion Daily LLY Bull 2X Shares by 55.6% during the third quarter. Optiver Holding B.V. now owns 40,082 shares of the company’s stock worth $667,000 after buying an additional 14,329 shares during the period. Virtu Financial LLC acquired a new stake in shares of Direxion Daily LLY Bull 2X Shares in the third quarter worth $934,000. Finally, Susquehanna International Group LLP raised its stake in shares of Direxion Daily LLY Bull 2X Shares by 148.0% in the 3rd quarter. Susquehanna International Group LLP now owns 38,520 shares of the company’s stock valued at $641,000 after acquiring an additional 22,987 shares during the period.

Direxion Daily LLY Bull 2X Shares Company Profile

Direxion Shares ETF Trust – Direxion Daily LLY Bull 2X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in public equity markets. It invests through derivatives in stocks of companies operating across health care, pharmaceuticals, biotechnology and life sciences sectors. The fund uses derivatives such as swaps and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization.