Short Interest in Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Grows By 157.4%

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 40,004 shares, a growth of 157.4% from the April 15th total of 15,543 shares. Based on an average daily trading volume, of 148,757 shares, the days-to-cover ratio is currently 0.3 days. Currently, 5.0% of the shares of the company are sold short.

Direxion Daily LLY Bull 2X Shares Stock Performance

NASDAQ:ELIL traded down $0.20 during trading hours on Friday, reaching $22.33. The stock had a trading volume of 27,510 shares, compared to its average volume of 124,511. The stock has a 50 day simple moving average of $20.20 and a 200 day simple moving average of $24.52. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.0532 dividend. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, March 24th.

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

Large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in shares of Direxion Daily LLY Bull 2X Shares in the third quarter worth $30,000. IMC Chicago LLC bought a new position in shares of Direxion Daily LLY Bull 2X Shares in the first quarter worth $250,000. Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily LLY Bull 2X Shares in the first quarter worth $585,000. Susquehanna International Group LLP boosted its holdings in shares of Direxion Daily LLY Bull 2X Shares by 148.0% in the third quarter. Susquehanna International Group LLP now owns 38,520 shares of the company’s stock worth $641,000 after acquiring an additional 22,987 shares during the period. Finally, Optiver Holding B.V. boosted its holdings 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 worth $667,000 after acquiring an additional 14,329 shares during the period.

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.