Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Shares Down 5.4% – Should You Sell?

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) shares were down 5.4% on Friday . The stock traded as low as $19.97 and last traded at $20.03. Approximately 144,623 shares traded hands during trading, an increase of 17% from the average daily volume of 123,936 shares. The stock had previously closed at $21.17.

Direxion Daily LLY Bull 2X Shares Price Performance

The business’s 50-day simple moving average is $20.50 and its 200 day simple moving average is $24.42.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

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

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

A number of large investors have recently added to or reduced their stakes in ELIL. Virtu Financial LLC bought a new stake in Direxion Daily LLY Bull 2X Shares in the 3rd quarter worth approximately $934,000. Goldman Sachs Group Inc. bought a new stake in Direxion Daily LLY Bull 2X Shares in the 1st quarter worth approximately $585,000. Susquehanna International Group LLP grew its position in 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 worth $641,000 after purchasing an additional 22,987 shares during the period. Optiver Holding B.V. grew its position in Direxion Daily LLY Bull 2X Shares by 55.6% in the 3rd quarter. Optiver Holding B.V. now owns 40,082 shares of the company’s stock worth $667,000 after purchasing an additional 14,329 shares during the period. Finally, IMC Chicago LLC bought a new stake in Direxion Daily LLY Bull 2X Shares in the 1st quarter worth approximately $250,000.

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.