Short Interest in Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Expands By 993.7%

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 26,752 shares, a growth of 993.7% from the February 12th total of 2,446 shares. Based on an average daily trading volume, of 74,828 shares, the days-to-cover ratio is currently 0.4 days. Approximately 4.3% of the company’s stock are short sold. Approximately 4.3% of the company’s stock are short sold. Based on an average daily trading volume, of 74,828 shares, the days-to-cover ratio is currently 0.4 days.

Direxion Daily LLY Bull 2X Shares Stock Performance

NASDAQ ELIL traded down $0.91 on Thursday, hitting $22.39. 50,663 shares of the stock were exchanged, compared to its average volume of 138,058. The business’s fifty day moving average is $25.89 and its 200 day moving average is $23.71. Direxion Daily LLY Bull 2X Shares has a 52 week low of $11.50 and a 52 week high of $34.28.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.1321 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.53 annualized dividend and a dividend yield of 2.4%.

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

Several hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Direxion Daily LLY Bull 2X Shares during the third quarter worth about $30,000. Goldman Sachs Group Inc. acquired a new stake in shares of Direxion Daily LLY Bull 2X Shares in the first quarter valued at approximately $585,000. Susquehanna International Group LLP lifted its position in shares of Direxion Daily LLY Bull 2X Shares by 148.0% in the third quarter. Susquehanna International Group LLP now owns 38,520 shares of the company’s stock valued at $641,000 after buying an additional 22,987 shares during the last quarter. Optiver Holding B.V. boosted its stake in shares of Direxion Daily LLY Bull 2X Shares by 55.6% during the 3rd quarter. Optiver Holding B.V. now owns 40,082 shares of the company’s stock worth $667,000 after acquiring an additional 14,329 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily LLY Bull 2X Shares during the 3rd quarter worth approximately $934,000.

Direxion Daily LLY Bull 2X Shares 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.