Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS) Short Interest Up 52.0% in March

Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 15,825 shares, an increase of 52.0% from the February 26th total of 10,413 shares. Currently, 15.8% of the company’s shares are short sold. Based on an average daily volume of 23,982 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Direxion Daily LLY Bear 1X Shares

A number of institutional investors have recently modified their holdings of ELIS. Optiver Holding B.V. raised its stake in shares of Direxion Daily LLY Bear 1X Shares by 541.3% during the third quarter. Optiver Holding B.V. now owns 73,489 shares of the company’s stock valued at $1,863,000 after acquiring an additional 62,030 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Direxion Daily LLY Bear 1X Shares in the first quarter worth approximately $645,000. Finally, Csenge Advisory Group purchased a new position in Direxion Daily LLY Bear 1X Shares during the 3rd quarter worth $411,000.

Direxion Daily LLY Bear 1X Shares Price Performance

ELIS stock opened at $20.61 on Monday. Direxion Daily LLY Bear 1X Shares has a 12 month low of $16.40 and a 12 month high of $31.30. The firm’s 50-day moving average is $18.14 and its 200 day moving average is $19.81.

About Direxion Daily LLY Bear 1X Shares

Direxion Shares ETF Trust – Direxion Daily LLY Bear 1X 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 employs short strategy and 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.