Short Interest in Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Drops By 86.4%

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 8,913 shares, a drop of 86.4% from the January 15th total of 65,752 shares. Based on an average trading volume of 90,958 shares, the short-interest ratio is presently 0.1 days. Approximately 1.4% of the company’s shares are sold short. Approximately 1.4% of the company’s shares are sold short. Based on an average trading volume of 90,958 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily LLY Bull 2X Shares Stock Down 3.8%

Shares of NASDAQ:ELIL traded down $0.98 during midday trading on Tuesday, reaching $24.69. The company’s stock had a trading volume of 105,063 shares, compared to its average volume of 178,658. The firm has a 50 day moving average price of $27.26 and a two-hundred day moving average price of $22.40. Direxion Daily LLY Bull 2X Shares has a fifty-two week low of $11.50 and a fifty-two week high of $34.28.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a dividend of $0.1321 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, December 23rd.

Institutional Investors Weigh In On 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 stake in Direxion Daily LLY Bull 2X Shares during the 3rd quarter valued at $934,000. Optiver Holding B.V. lifted its stake 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 buying an additional 14,329 shares in the last quarter. Susquehanna International Group LLP grew its holdings in shares of Direxion Daily LLY Bull 2X Shares by 148.0% during the third quarter. Susquehanna International Group LLP now owns 38,520 shares of the company’s stock valued at $641,000 after buying an additional 22,987 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily LLY Bull 2X Shares during the first quarter worth about $585,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily LLY Bull 2X Shares during the third quarter worth about $30,000.

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.