Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Shares Up 1.6% – Still a Buy?

Shares of Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL – Get Free Report) shot up 1.6% during mid-day trading on Friday . The stock traded as high as $29.82 and last traded at $28.29. 206,524 shares were traded during mid-day trading, an increase of 67% from the average session volume of 123,322 shares. The stock had previously closed at $27.84.

Direxion Daily LLY Bull 2X Shares Trading Up 1.6%

The company has a fifty day simple moving average of $21.45 and a two-hundred day simple moving average of $24.69.

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Direxion Daily LLY Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.0532 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.21 annualized dividend and a yield of 0.8%.

Institutional Investors Weigh In On Direxion Daily LLY Bull 2X Shares

Several large investors have recently bought and sold shares of ELIL. Virtu Financial LLC purchased a new stake in Direxion Daily LLY Bull 2X Shares during the 3rd quarter worth about $934,000. Goldman Sachs Group Inc. purchased a new stake in Direxion Daily LLY Bull 2X Shares during the 1st quarter worth about $585,000. Susquehanna International Group LLP increased its holdings in 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. Optiver Holding B.V. increased its holdings 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, IMC Chicago LLC purchased a new position in shares of Direxion Daily LLY Bull 2X Shares in the 1st quarter valued at about $250,000.

Direxion Daily LLY Bull 2X Shares Company Profile

(Get Free Report)

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.

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