Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) Sees Large Decline in Short Interest

Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 17,776 shares, a decline of 45.4% from the September 30th total of 32,561 shares. Based on an average daily volume of 78,934 shares, the days-to-cover ratio is presently 0.2 days. Approximately 3.1% of the company’s stock are sold short.

Direxion Daily LLY Bull 2X ETF Stock Up 6.1%

Shares of Direxion Daily LLY Bull 2X ETF stock traded up $2.31 on Friday, reaching $40.44. The stock had a trading volume of 174,683 shares, compared to its average volume of 105,250. Direxion Daily LLY Bull 2X ETF has a 1 year low of $16.34 and a 1 year high of $42.23. The company has a 50 day moving average price of $29.66 and a 200 day moving average price of $26.39.

Institutional Trading of Direxion Daily LLY Bull 2X ETF

An institutional investor recently raised its stake in Direxion Daily LLY Bull 2X ETF stock. SBI Securities Co. Ltd. boosted its stake in Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) by 51.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,466 shares of the company’s stock after purchasing an additional 843 shares during the period. SBI Securities Co. Ltd. owned about 0.31% of Direxion Daily LLY Bull 2X ETF worth $69,000 at the end of the most recent quarter.

Direxion Daily LLY Bull 2X ETF 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.