Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Short Interest Down 48.7% in March

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 13,711 shares, a decrease of 48.7% from the February 26th total of 26,752 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average trading volume of 70,013 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily LLY Bull 2X Shares Stock Down 2.9%

Direxion Daily LLY Bull 2X Shares stock traded down $0.56 during midday trading on Thursday, hitting $18.74. 16,015 shares of the stock were exchanged, compared to its average volume of 121,666. The company has a fifty day simple moving average of $24.32 and a two-hundred day simple moving average of $24.04. Direxion Daily LLY Bull 2X Shares has a 52 week low of $11.50 and a 52 week high of $34.28.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.0532 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 24th.

Institutional Trading of Direxion Daily LLY Bull 2X Shares

Large investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Direxion Daily LLY Bull 2X Shares during the third quarter worth about $934,000. Optiver Holding B.V. increased its holdings in shares of Direxion Daily LLY Bull 2X Shares by 55.6% in the third quarter. Optiver Holding B.V. now owns 40,082 shares of the company’s stock worth $667,000 after acquiring an additional 14,329 shares in the last quarter. Susquehanna International Group LLP increased its holdings in shares of Direxion Daily LLY Bull 2X Shares by 148.0% in the third quarter. Susquehanna International Group LLP now owns 38,520 shares of the company’s stock worth $641,000 after acquiring an additional 22,987 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Direxion Daily LLY Bull 2X Shares during the first quarter worth about $585,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Direxion Daily LLY Bull 2X Shares during the 3rd quarter valued at about $30,000.

About Direxion Daily LLY Bull 2X Shares

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.