Short Interest in Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Decreases By 86.4%

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 8,913 shares, a decline of 86.4% from the January 15th total of 65,752 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average trading volume of 90,958 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 90,958 shares, the short-interest ratio is currently 0.1 days. Approximately 1.4% of the company’s shares are sold short.

Institutional Trading of Direxion Daily LLY Bull 2X Shares

Several institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in Direxion Daily LLY Bull 2X Shares in the third quarter valued at $30,000. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily LLY Bull 2X Shares during the 1st quarter worth approximately $585,000. Susquehanna International Group LLP raised its holdings 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 buying an additional 22,987 shares during the period. Optiver Holding B.V. boosted its position in 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 purchasing an additional 14,329 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily LLY Bull 2X Shares in the 3rd quarter valued at $934,000.

Direxion Daily LLY Bull 2X Shares Stock Up 4.6%

ELIL traded up $1.11 during midday trading on Thursday, hitting $25.42. The company’s stock had a trading volume of 106,805 shares, compared to its average volume of 173,341. Direxion Daily LLY Bull 2X Shares has a 52-week low of $11.50 and a 52-week high of $34.28. The firm has a 50-day moving average price of $27.10 and a two-hundred day moving average price of $22.44.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a $0.1321 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, December 23rd.

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.