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

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 93,448 shares, an increase of 217.4% from the June 15th total of 29,442 shares. Currently, 12.8% of the company’s shares are short sold. Based on an average trading volume of 96,060 shares, the days-to-cover ratio is currently 1.0 days.

Direxion Daily LLY Bull 2X Shares Stock Performance

Shares of ELIL stock traded down $0.10 during trading on Monday, hitting $30.32. 36,065 shares of the company were exchanged, compared to its average volume of 118,200. Direxion Daily LLY Bull 2X Shares has a twelve month low of $11.50 and a twelve month high of $34.28. The business’s 50-day simple moving average is $26.64 and its 200 day simple moving average is $24.67.

Direxion Daily LLY Bull 2X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.1279 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ELIL. Virtu Financial LLC acquired a new position in shares of Direxion Daily LLY Bull 2X Shares during the third quarter worth approximately $934,000. Susquehanna International Group LLP raised its stake 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 purchasing an additional 22,987 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Direxion Daily LLY Bull 2X Shares in the first quarter worth $585,000. Finally, IMC Chicago LLC bought a new position in Direxion Daily LLY Bull 2X Shares in the first quarter worth $250,000.

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.