Short Interest in Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Expands By 217.4%

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 93,448 shares, a growth of 217.4% from the June 15th total of 29,442 shares. Based on an average daily volume of 96,060 shares, the short-interest ratio is presently 1.0 days. Currently, 12.8% of the company’s stock are sold short.

Direxion Daily LLY Bull 2X Shares Stock Down 5.6%

NASDAQ:ELIL opened at $28.57 on Wednesday. Direxion Daily LLY Bull 2X Shares has a twelve month low of $11.50 and a twelve month high of $34.28. The stock’s 50 day moving average price is $26.99 and its two-hundred day moving average price is $24.69.

Direxion Daily LLY Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.1279 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.51 annualized dividend and a dividend yield of 1.8%.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP lifted its stake in Direxion Daily LLY Bull 2X Shares by 148.0% in the third 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. Virtu Financial LLC bought a new position in shares of Direxion Daily LLY Bull 2X Shares in the 3rd quarter valued at about $934,000. Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily LLY Bull 2X Shares during the 1st quarter worth about $585,000. Finally, IMC Chicago LLC acquired a new position in shares of Direxion Daily LLY Bull 2X Shares during the 1st quarter worth about $250,000.

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.