Short Interest in Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Drops By 65.2%

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 32,566 shares, a decline of 65.2% from the June 30th total of 93,448 shares. Currently, 4.3% of the company’s stock are short sold. Based on an average daily volume of 93,872 shares, the days-to-cover ratio is currently 0.3 days.

Direxion Daily LLY Bull 2X Shares Price Performance

Shares of ELIL stock traded up $0.28 during trading hours on Monday, reaching $30.85. The company had a trading volume of 16,832 shares, compared to its average volume of 115,783. Direxion Daily LLY Bull 2X Shares has a twelve month low of $11.50 and a twelve month high of $34.28. The stock’s fifty day simple moving average is $28.23 and its 200 day simple moving average is $24.76.

Direxion Daily LLY Bull 2X Shares Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. IMC Chicago LLC acquired a new stake in Direxion Daily LLY Bull 2X Shares during the 1st quarter valued at $250,000. Goldman Sachs Group Inc. acquired a new position in Direxion Daily LLY Bull 2X Shares in the 1st quarter worth $585,000. Susquehanna International Group LLP boosted its position in Direxion Daily LLY Bull 2X Shares by 148.0% in the 3rd 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. Finally, Virtu Financial LLC purchased a new position in Direxion Daily LLY Bull 2X Shares in the 3rd quarter valued at about $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.