Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) Shares Shorted: Short Interest Down 45.4% in October

Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 17,776 shares, a decrease of 45.4% from the September 30th total of 32,561 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average daily volume of 78,934 shares, the short-interest ratio is currently 0.2 days.

Direxion Daily LLY Bull 2X ETF Price Performance

NASDAQ ELIL traded down $0.24 during mid-day trading on Monday, reaching $40.20. 63,581 shares of the company’s stock traded hands, compared to its average volume of 105,052. Direxion Daily LLY Bull 2X ETF has a 1-year low of $16.34 and a 1-year high of $42.23. The company has a fifty day simple moving average of $29.66 and a 200-day simple moving average of $26.39.

Hedge Funds Weigh In On Direxion Daily LLY Bull 2X ETF

A hedge fund recently raised its position in Direxion Daily LLY Bull 2X ETF stock. SBI Securities Co. Ltd. lifted its stake in shares of Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) by 51.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,466 shares of the company’s stock after buying an additional 843 shares during the quarter. SBI Securities Co. Ltd. owned approximately 0.31% of Direxion Daily LLY Bull 2X ETF worth $69,000 as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily LLY Bull 2X ETF 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.