Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) Sees Significant Drop in Short Interest

Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 29,658 shares, a drop of 56.6% from the August 31st total of 68,316 shares. Currently, 4.8% of the company’s shares are short sold. Based on an average daily trading volume, of 68,100 shares, the short-interest ratio is presently 0.4 days.

Direxion Daily LLY Bull 2X ETF Trading Up 1.4%

ELIL traded up $0.40 during trading hours on Monday, reaching $29.34. The company’s stock had a trading volume of 58,939 shares, compared to its average volume of 109,394. Direxion Daily LLY Bull 2X ETF has a fifty-two week low of $14.79 and a fifty-two week high of $35.13. The business’s 50-day moving average is $29.17 and its 200-day moving average is $25.79.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily LLY Bull 2X ETF stock. IMC Chicago LLC acquired a new position in shares of Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,928 shares of the company’s stock, valued at approximately $250,000. IMC Chicago LLC owned 1.62% of Direxion Daily LLY Bull 2X ETF as of its most recent filing with the SEC.

About Direxion Daily LLY Bull 2X ETF

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.