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

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 40,004 shares, an increase of 157.4% from the April 15th total of 15,543 shares. Currently, 5.0% of the company’s shares are sold short. Based on an average daily volume of 148,757 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Direxion Daily LLY Bull 2X Shares

Several hedge funds have recently bought and sold shares of ELIL. Virtu Financial LLC bought a new position in Direxion Daily LLY Bull 2X Shares in the 3rd quarter valued at $934,000. Goldman Sachs Group Inc. bought a new position in Direxion Daily LLY Bull 2X Shares in the 1st quarter valued at $585,000. Susquehanna International Group LLP grew its position in Direxion Daily LLY Bull 2X Shares by 148.0% in 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 last quarter. Optiver Holding B.V. grew its position in Direxion Daily LLY Bull 2X Shares by 55.6% in the 3rd quarter. Optiver Holding B.V. now owns 40,082 shares of the company’s stock valued at $667,000 after acquiring an additional 14,329 shares during the last quarter. Finally, IMC Chicago LLC bought a new position in Direxion Daily LLY Bull 2X Shares in the 1st quarter valued at $250,000.

Direxion Daily LLY Bull 2X Shares Stock Performance

Shares of NASDAQ ELIL traded down $0.12 during trading hours on Friday, hitting $22.41. 51,216 shares of the company traded hands, compared to its average volume of 124,796. The company’s 50 day moving average price is $20.18 and its 200 day moving average price is $24.51. Direxion Daily LLY Bull 2X Shares has a 12 month low of $11.50 and a 12 month high of $34.28.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.0532 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.21 annualized dividend and a dividend yield of 0.9%.

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.