Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Stock Price Down 3.2% – Should You Sell?

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) shares were down 3.2% during trading on Friday . The stock traded as low as $22.66 and last traded at $23.85. Approximately 148,354 shares traded hands during trading, an increase of 15% from the average daily volume of 128,803 shares. The stock had previously closed at $24.63.

Direxion Daily LLY Bull 2X Shares Trading Down 3.2%

The firm has a 50-day moving average of $18.35 and a 200 day moving average of $18.27.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were given a dividend of $0.0922 per share. This represents a $0.37 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 23rd.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily LLY Bull 2X Shares stock. SBI Securities Co. Ltd. bought a new position in shares of Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,815 shares of the company’s stock, valued at approximately $30,000. SBI Securities Co. Ltd. owned about 0.21% of Direxion Daily LLY Bull 2X Shares at the end of the most recent 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.