Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) Shares Shorted: Short Interest Down 45.4% in October

Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 17,776 shares, a decline of 45.4% from the September 30th total of 32,561 shares. Based on an average daily volume of 78,934 shares, the short-interest ratio is presently 0.2 days. Approximately 3.1% of the shares of the company are short sold.

Direxion Daily LLY Bull 2X ETF Trading Up 6.1%

Shares of Direxion Daily LLY Bull 2X ETF stock traded up $2.31 during midday trading on Friday, hitting $40.44. The company had a trading volume of 174,683 shares, compared to its average volume of 105,250. Direxion Daily LLY Bull 2X ETF has a 1-year low of $16.34 and a 1-year high of $42.23. The business’s 50 day simple moving average is $29.66 and its two-hundred day simple moving average is $26.39.

Institutional Investors Weigh In On Direxion Daily LLY Bull 2X ETF

An institutional investor recently raised its position in Direxion Daily LLY Bull 2X ETF stock. SBI Securities Co. Ltd. increased its holdings in Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) by 51.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,466 shares of the company’s stock after purchasing an additional 843 shares during the period. SBI Securities Co. Ltd. owned approximately 0.31% of Direxion Daily LLY Bull 2X ETF worth $69,000 at the end of the most recent quarter.

Direxion Daily LLY Bull 2X ETF Company Profile

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.