Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Sees Large Increase in Short Interest

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 65,752 shares, an increase of 2,483.6% from the December 31st total of 2,545 shares. Based on an average trading volume of 118,971 shares, the days-to-cover ratio is currently 0.6 days. Currently, 10.6% of the shares of the company are short sold. Currently, 10.6% of the shares of the company are short sold. Based on an average trading volume of 118,971 shares, the days-to-cover ratio is currently 0.6 days.

Direxion Daily LLY Bull 2X Shares Stock Performance

Direxion Daily LLY Bull 2X Shares stock opened at $25.31 on Thursday. Direxion Daily LLY Bull 2X Shares has a 52-week low of $11.50 and a 52-week high of $34.28. The business has a 50-day simple moving average of $28.39 and a two-hundred day simple moving average of $21.95.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The firm 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 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, December 23rd.

Institutional Inflows and Outflows

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

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.