Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS) Stock Price Down 0.5% – Here’s What Happened

Shares of Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS) fell 0.5% on Thursday . The company traded as low as $19.63 and last traded at $19.63. 69,476 shares changed hands during mid-day trading, an increase of 325% from the average session volume of 16,345 shares. The stock had previously closed at $19.72.

Direxion Daily LLY Bear 1X Shares Stock Performance

The firm has a 50 day moving average price of $17.83 and a 200-day moving average price of $20.16.

Direxion Daily LLY Bear 1X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.6173 per share. This is an increase from Direxion Daily LLY Bear 1X Shares’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, December 23rd. This represents a $2.47 annualized dividend and a yield of 12.6%.

Institutional Trading of Direxion Daily LLY Bear 1X Shares

Institutional investors and hedge funds have recently modified their holdings of the business. Csenge Advisory Group acquired a new stake in shares of Direxion Daily LLY Bear 1X Shares in the third quarter valued at approximately $411,000. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily LLY Bear 1X Shares during the 1st quarter worth approximately $645,000. Finally, Optiver Holding B.V. lifted its stake in Direxion Daily LLY Bear 1X Shares by 541.3% in the 3rd quarter. Optiver Holding B.V. now owns 73,489 shares of the company’s stock valued at $1,863,000 after buying an additional 62,030 shares in the last quarter.

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.