Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Short Interest Update

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 13,711 shares, a drop of 48.7% from the February 26th total of 26,752 shares. Based on an average daily trading volume, of 70,013 shares, the short-interest ratio is currently 0.2 days. Approximately 2.2% of the company’s stock are sold short.

Direxion Daily LLY Bull 2X Shares Stock Down 4.6%

NASDAQ ELIL traded down $0.85 during trading on Friday, reaching $17.71. 16,716 shares of the company’s stock were exchanged, compared to its average volume of 120,034. The company has a 50 day moving average price of $24.17 and a two-hundred day moving average price of $24.00. Direxion Daily LLY Bull 2X Shares has a 1 year low of $11.50 and a 1 year high of $34.28.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.0532 per share. This represents a $0.21 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, March 24th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELIL. Susquehanna International Group LLP increased its stake in 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 purchasing an additional 22,987 shares during the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily LLY Bull 2X Shares during the third quarter worth approximately $934,000. Optiver Holding B.V. lifted its position 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 buying an additional 14,329 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily LLY Bull 2X Shares in the 3rd quarter valued at $30,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily LLY Bull 2X Shares in the 1st quarter valued at $585,000.

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.