Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS) Short Interest Update

Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 11,824 shares, a drop of 40.5% from the November 30th total of 19,868 shares. Currently, 7.0% of the shares of the company are sold short. Based on an average trading volume of 14,657 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 14,657 shares, the days-to-cover ratio is currently 0.8 days. Currently, 7.0% of the shares of the company are sold short.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of ELIS. Csenge Advisory Group acquired a new stake in Direxion Daily LLY Bear 1X Shares during the 3rd quarter worth approximately $411,000. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily LLY Bear 1X Shares during the first quarter worth $645,000. Finally, Optiver Holding B.V. raised its holdings in shares of Direxion Daily LLY Bear 1X Shares by 541.3% during the third quarter. Optiver Holding B.V. now owns 73,489 shares of the company’s stock worth $1,863,000 after acquiring an additional 62,030 shares during the period.

Direxion Daily LLY Bear 1X Shares Price Performance

Shares of ELIS remained flat at $17.23 on Friday. The stock had a trading volume of 383 shares, compared to its average volume of 100. Direxion Daily LLY Bear 1X Shares has a fifty-two week low of $17.15 and a fifty-two week high of $31.30. The business has a fifty day moving average price of $19.60 and a 200 day moving average price of $23.71.

Direxion Daily LLY Bear 1X Shares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd will be given a dividend of $0.6173 per share. The ex-dividend date is Tuesday, December 23rd. This is an increase from Direxion Daily LLY Bear 1X Shares’s previous quarterly dividend of $0.17. This represents a $2.47 dividend on an annualized basis and a dividend yield of 14.3%.

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.