Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS) Shares Up 1.7% – Should You Buy?

Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS)’s share price shot up 1.7% during mid-day trading on Friday . The company traded as high as $21.24 and last traded at $20.84. 6,623 shares were traded during mid-day trading, an increase of 6,523% from the average session volume of 100 shares. The stock had previously closed at $20.49.

Direxion Daily LLY Bear 1X Shares Price Performance

The stock’s 50 day moving average is $24.30 and its 200-day moving average is $25.67.

Direxion Daily LLY Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were paid a $0.1709 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, September 23rd.

Hedge Funds Weigh In On Direxion Daily LLY Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily LLY Bear 1X Shares stock. Csenge Advisory Group acquired a new stake in Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,222 shares of the company’s stock, valued at approximately $411,000. Csenge Advisory Group owned approximately 9.54% of Direxion Daily LLY Bear 1X Shares at the end of the most recent quarter.

Direxion Daily LLY Bear 1X Shares Company Profile

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.