Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 17,776 shares, a decline of 45.4% from the September 30th total of 32,561 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 78,934 shares, the short-interest ratio is presently 0.2 days.
Direxion Daily LLY Bull 2X ETF Stock Up 6.1%
NASDAQ ELIL traded up $2.31 during trading hours on Friday, reaching $40.44. 174,683 shares of the company’s stock were exchanged, compared to its average volume of 105,250. The firm has a fifty day moving average of $29.66 and a 200-day moving average of $26.39. Direxion Daily LLY Bull 2X ETF has a one year low of $16.34 and a one year high of $42.23.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Direxion Daily LLY Bull 2X ETF stock. SBI Securities Co. Ltd. increased its position in Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL – Free Report) by 51.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,466 shares of the company’s stock after purchasing an additional 843 shares during the quarter. SBI Securities Co. Ltd. owned approximately 0.31% of Direxion Daily LLY Bull 2X ETF worth $69,000 as of its most recent SEC filing.
Direxion Daily LLY Bull 2X ETF 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.
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