Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Short Interest Down 48.7% in March

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 13,711 shares, a drop of 48.7% from the February 26th total of 26,752 shares. Currently, 2.2% of the company’s stock are sold short. Based on an average daily trading volume, of 70,013 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Direxion Daily LLY Bull 2X Shares

Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in Direxion Daily LLY Bull 2X Shares in the third quarter valued at $934,000. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily LLY Bull 2X Shares during the 1st quarter worth about $585,000. Susquehanna International Group LLP grew its holdings in shares of Direxion Daily LLY Bull 2X Shares by 148.0% in the 3rd quarter. Susquehanna International Group LLP now owns 38,520 shares of the company’s stock valued at $641,000 after acquiring an additional 22,987 shares in the last quarter. Optiver Holding B.V. increased its position in shares of Direxion Daily LLY Bull 2X Shares by 55.6% in the third quarter. Optiver Holding B.V. now owns 40,082 shares of the company’s stock valued at $667,000 after acquiring an additional 14,329 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Direxion Daily LLY Bull 2X Shares during the third quarter worth about $30,000.

Direxion Daily LLY Bull 2X Shares Stock Down 2.9%

Shares of Direxion Daily LLY Bull 2X Shares stock traded down $0.56 on Thursday, hitting $18.74. The company had a trading volume of 16,015 shares, compared to its average volume of 121,666. The stock has a 50-day moving average of $24.32 and a 200-day moving average of $24.04. Direxion Daily LLY Bull 2X Shares has a twelve month low of $11.50 and a twelve month high of $34.28.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be paid a $0.0532 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.21 dividend on an annualized basis and a yield of 1.1%.

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.