Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Short Interest Down 65.2% in July

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 32,566 shares, a drop of 65.2% from the June 30th total of 93,448 shares. Based on an average daily trading volume, of 93,872 shares, the short-interest ratio is currently 0.3 days. Approximately 4.3% of the company’s stock are sold short.

Direxion Daily LLY Bull 2X Shares Stock Up 3.5%

ELIL stock traded up $1.06 during midday trading on Tuesday, reaching $31.69. 84,002 shares of the company were exchanged, compared to its average volume of 115,909. Direxion Daily LLY Bull 2X Shares has a 1-year low of $11.50 and a 1-year high of $34.28. The stock’s 50-day simple moving average is $28.40 and its 200 day simple moving average is $24.78.

Direxion Daily LLY Bull 2X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.1279 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.51 dividend on an annualized basis and a yield of 1.6%.

Institutional Trading of Direxion Daily LLY Bull 2X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IMC Chicago LLC acquired a new stake in Direxion Daily LLY Bull 2X Shares during the 1st quarter worth approximately $250,000. Susquehanna International Group LLP raised its stake 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 worth $641,000 after purchasing an additional 22,987 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily LLY Bull 2X Shares during the third quarter worth $934,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Direxion Daily LLY Bull 2X Shares during the first quarter worth $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.