Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) Sees Significant Growth in Short Interest

Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) was the target of a large increase in short interest in 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. Approximately 10.0% of the company’s shares are short sold. Based on an average trading volume of 75,575 shares, the short-interest ratio is currently 0.9 days.

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

An institutional investor recently bought a new position in Direxion Daily LLY Bull 2X ETF stock. IMC Chicago LLC purchased a new stake in Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,928 shares of the company’s stock, valued at approximately $250,000. IMC Chicago LLC owned 1.62% of Direxion Daily LLY Bull 2X ETF at the end of the most recent quarter.

Direxion Daily LLY Bull 2X ETF Stock Performance

Direxion Daily LLY Bull 2X ETF stock opened at $26.86 on Wednesday. Direxion Daily LLY Bull 2X ETF has a 12 month low of $14.58 and a 12 month high of $35.13. The stock’s 50-day moving average is $29.51 and its 200-day moving average is $25.56.

About Direxion Daily LLY Bull 2X ETF

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.