Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Sees Large Decline in Short Interest

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 2,545 shares, a decrease of 96.1% from the December 15th total of 65,002 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 82,969 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 82,969 shares, the short-interest ratio is presently 0.0 days. Currently, 0.4% of the company’s shares are short sold.

Direxion Daily LLY Bull 2X Shares Price Performance

NASDAQ:ELIL traded down $0.32 on Wednesday, reaching $27.84. The company’s stock had a trading volume of 22,485 shares, compared to its average volume of 110,201. Direxion Daily LLY Bull 2X Shares has a 12-month low of $11.50 and a 12-month high of $34.28. The stock has a 50 day moving average price of $28.54 and a 200 day moving average price of $21.36.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were given a $0.1321 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.53 dividend on an annualized basis and a yield of 1.9%.

Institutional Investors Weigh In On Direxion Daily LLY Bull 2X Shares

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

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.