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

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 8,913 shares, a drop of 86.4% from the January 15th total of 65,752 shares. Based on an average daily volume of 90,958 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.4% of the shares of the stock are sold short. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily volume of 90,958 shares, the days-to-cover ratio is currently 0.1 days.

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

Institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP grew 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 worth $641,000 after purchasing an additional 22,987 shares during the period. Virtu Financial LLC acquired a new position in Direxion Daily LLY Bull 2X Shares in the third quarter valued at $934,000. Optiver Holding B.V. lifted its position in Direxion Daily LLY Bull 2X Shares by 55.6% during the third quarter. Optiver Holding B.V. now owns 40,082 shares of the company’s stock valued at $667,000 after buying an additional 14,329 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Direxion Daily LLY Bull 2X Shares in the third quarter valued at about $30,000. Finally, Goldman Sachs Group Inc. acquired a new position in Direxion Daily LLY Bull 2X Shares during the 1st quarter worth approximately $585,000.

Direxion Daily LLY Bull 2X Shares Stock Down 1.1%

Shares of NASDAQ:ELIL traded down $0.26 on Wednesday, hitting $24.43. 76,024 shares of the company’s stock were exchanged, compared to its average volume of 174,743. The business’s 50 day simple moving average is $27.26 and its two-hundred day simple moving average is $22.40. Direxion Daily LLY Bull 2X Shares has a 12 month low of $11.50 and a 12 month high of $34.28.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.1321 per share. This represents a $0.53 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Direxion Daily LLY Bull 2X Shares 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.