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

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 93,448 shares, a growth of 217.4% from the June 15th total of 29,442 shares. Approximately 12.8% of the company’s shares are sold short. Based on an average daily trading volume, of 96,060 shares, the short-interest ratio is presently 1.0 days.

Direxion Daily LLY Bull 2X Shares Trading Down 0.3%

Shares of ELIL stock traded down $0.10 during trading hours on Monday, hitting $30.32. 36,065 shares of the company were exchanged, compared to its average volume of 118,200. The firm has a fifty day moving average of $26.64 and a 200 day moving average of $24.67. Direxion Daily LLY Bull 2X Shares has a 1 year low of $11.50 and a 1 year high of $34.28.

Direxion Daily LLY Bull 2X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.1279 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Trading of Direxion Daily LLY Bull 2X Shares

Several institutional investors and hedge funds have recently bought and sold shares of ELIL. Goldman Sachs Group Inc. acquired a new stake in shares of Direxion Daily LLY Bull 2X Shares in the first quarter valued at $585,000. Virtu Financial LLC bought a new stake in Direxion Daily LLY Bull 2X Shares in the third quarter worth about $934,000. Susquehanna International Group LLP raised its position in Direxion Daily LLY Bull 2X Shares by 148.0% in the third quarter. Susquehanna International Group LLP now owns 38,520 shares of the company’s stock worth $641,000 after acquiring an additional 22,987 shares in the last quarter. Finally, IMC Chicago LLC acquired a new stake in Direxion Daily LLY Bull 2X Shares in the 1st quarter valued at about $250,000.

About Direxion Daily LLY Bull 2X Shares

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.