Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Short Interest Up 2,483.6% in January

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 65,752 shares, an increase of 2,483.6% from the December 31st total of 2,545 shares. Approximately 10.6% of the company’s shares are short sold. Based on an average trading volume of 118,971 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 118,971 shares, the short-interest ratio is currently 0.6 days. Approximately 10.6% of the company’s shares are short sold.

Direxion Daily LLY Bull 2X Shares Stock Performance

Shares of NASDAQ:ELIL traded down $1.19 during midday trading on Tuesday, hitting $26.05. 109,492 shares of the stock traded hands, compared to its average volume of 105,774. The business’s 50 day moving average is $28.50 and its two-hundred day moving average is $21.92. Direxion Daily LLY Bull 2X Shares has a one year low of $11.50 and a one year high of $34.28.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.1321 per share. 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 2.0%.

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

Several hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily LLY Bull 2X Shares during the first quarter valued at approximately $585,000. SBI Securities Co. Ltd. purchased a new position in Direxion Daily LLY Bull 2X Shares during the 3rd quarter valued at $30,000. Optiver Holding B.V. raised its holdings in Direxion Daily LLY Bull 2X Shares by 55.6% in the 3rd quarter. Optiver Holding B.V. now owns 40,082 shares of the company’s stock worth $667,000 after purchasing an additional 14,329 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily LLY Bull 2X Shares in the 3rd quarter worth about $934,000. Finally, Susquehanna International Group LLP boosted its stake in shares of Direxion Daily LLY Bull 2X Shares by 148.0% during the 3rd 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.

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.