Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) Shares Down 2.6% – Here’s Why

Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) fell 2.6% during trading on Monday. The company traded as low as $31.34 and last traded at $31.37. Approximately 30,068 shares were traded during trading, a decline of 72% from the average daily volume of 106,679 shares. The stock had previously closed at $32.21.

Direxion Daily LLY Bull 2X ETF Stock Down 2.4%

The firm’s fifty day moving average is $29.03 and its two-hundred day moving average is $26.86.

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

A hedge fund recently bought a new stake in Direxion Daily LLY Bull 2X ETF stock. IMC Chicago LLC bought a new position in Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 12,928 shares of the company’s stock, valued at approximately $250,000. IMC Chicago LLC owned 1.62% of Direxion Daily LLY Bull 2X ETF as of its most recent filing with the SEC.

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.