Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Short Interest Update

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. IMC Chicago LLC acquired a new stake in shares of Direxion Daily LLY Bull 2X Shares during the 1st quarter worth about $250,000. Susquehanna International Group LLP lifted its stake in 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 position in Direxion Daily LLY Bull 2X Shares in the third quarter valued at approximately $934,000. Finally, Goldman Sachs Group Inc. acquired a new position in Direxion Daily LLY Bull 2X Shares in the first quarter valued at approximately $585,000.

Direxion Daily LLY Bull 2X Shares Stock Performance

Shares of ELIL opened at $31.83 on Wednesday. The firm’s fifty day simple moving average is $28.58 and its 200-day simple moving average is $24.79. Direxion Daily LLY Bull 2X Shares has a twelve month low of $11.50 and a twelve month high of $34.28.

Direxion Daily LLY Bull 2X Shares Dividend Announcement

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

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.