Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS) Sees Large Increase in Short Interest

Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 15,825 shares, an increase of 52.0% from the February 26th total of 10,413 shares. Based on an average daily trading volume, of 23,982 shares, the days-to-cover ratio is currently 0.7 days. Currently, 15.8% of the company’s stock are short sold.

Direxion Daily LLY Bear 1X Shares Trading Up 2.2%

Direxion Daily LLY Bear 1X Shares stock traded up $0.44 during mid-day trading on Friday, reaching $20.61. The stock had a trading volume of 11,718 shares, compared to its average volume of 16,546. Direxion Daily LLY Bear 1X Shares has a fifty-two week low of $16.40 and a fifty-two week high of $31.30. The stock’s 50-day simple moving average is $18.14 and its 200-day simple moving average is $19.85.

Institutional Trading of Direxion Daily LLY Bear 1X Shares

Several hedge funds have recently bought and sold shares of ELIS. Csenge Advisory Group bought a new position in shares of Direxion Daily LLY Bear 1X Shares during the third quarter valued at about $411,000. Goldman Sachs Group Inc. bought a new stake in Direxion Daily LLY Bear 1X Shares in the 1st quarter worth about $645,000. Finally, Optiver Holding B.V. grew its position in Direxion Daily LLY Bear 1X Shares by 541.3% in the 3rd quarter. Optiver Holding B.V. now owns 73,489 shares of the company’s stock worth $1,863,000 after purchasing an additional 62,030 shares in the last quarter.

About Direxion Daily LLY Bear 1X Shares

Direxion Shares ETF Trust – Direxion Daily LLY Bear 1X 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 employs short strategy and 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.