Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Short Interest Down 72.6% in February

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 2,446 shares, a decline of 72.6% from the January 29th total of 8,913 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 290,930 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 290,930 shares, the short-interest ratio is currently 0.0 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Trading of Direxion Daily LLY Bull 2X Shares

Several institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new position in Direxion Daily LLY Bull 2X Shares during the first quarter worth about $585,000. Virtu Financial LLC purchased a new stake in Direxion Daily LLY Bull 2X Shares in the 3rd quarter valued at about $934,000. SBI Securities Co. Ltd. bought a new position in shares of Direxion Daily LLY Bull 2X Shares during the 3rd quarter worth approximately $30,000. Optiver Holding B.V. boosted its stake in shares of 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 worth $667,000 after buying an additional 14,329 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its stake in shares of 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 worth $641,000 after buying an additional 22,987 shares during the last quarter.

Direxion Daily LLY Bull 2X Shares Price Performance

Shares of Direxion Daily LLY Bull 2X Shares stock opened at $24.87 on Thursday. Direxion Daily LLY Bull 2X Shares has a 52 week low of $11.50 and a 52 week high of $34.28. The business has a 50 day moving average price of $26.81 and a 200-day moving average price of $23.02.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.1321 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.53 annualized dividend and a yield of 2.1%.

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.