Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 68,316 shares, an increase of 121.1% from the August 15th total of 30,896 shares. Currently, 10.0% of the company’s shares are sold short. Based on an average trading volume of 75,575 shares, the short-interest ratio is presently 0.9 days.
Institutional Investors 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 acquired a new stake in Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,928 shares of the company’s stock, valued at approximately $250,000. IMC Chicago LLC owned about 1.62% of Direxion Daily LLY Bull 2X ETF as of its most recent filing with the Securities and Exchange Commission (SEC).
Direxion Daily LLY Bull 2X ETF Stock Performance
NASDAQ:ELIL traded down $0.10 on Tuesday, hitting $26.86. 22,094 shares of the stock were exchanged, compared to its average volume of 113,275. Direxion Daily LLY Bull 2X ETF has a 52 week low of $14.58 and a 52 week high of $35.13. The company’s 50-day moving average price is $29.63 and its 200 day moving average price is $25.54.
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.
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