Short Interest in Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Declines By 65.2%

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) saw a significant decrease in short interest in 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. Approximately 4.3% of the shares of the company are short sold. Based on an average daily volume of 93,872 shares, the short-interest ratio is presently 0.3 days.

Direxion Daily LLY Bull 2X Shares Price Performance

Shares of NASDAQ:ELIL traded up $0.28 during trading on Monday, reaching $30.85. 16,832 shares of the company’s stock traded hands, compared to its average volume of 115,783. Direxion Daily LLY Bull 2X Shares has a 12 month low of $11.50 and a 12 month high of $34.28. The company has a 50 day moving average of $28.23 and a 200-day moving average of $24.76.

Direxion Daily LLY Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.1279 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.51 annualized dividend and a dividend yield of 1.7%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new stake in Direxion Daily LLY Bull 2X Shares in the first quarter worth $585,000. Virtu Financial LLC bought a new position in shares of Direxion Daily LLY Bull 2X Shares during the third quarter worth about $934,000. Susquehanna International Group LLP grew its position in shares of 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 acquiring an additional 22,987 shares during the last quarter. Finally, IMC Chicago LLC acquired a new stake in shares of Direxion Daily LLY Bull 2X Shares in 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.