Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Sees Large Increase in Short Interest
by Scott Moore · The Cerbat GemDirexion Daily LLY Bull 2X Shares (NASDAQ:ELIL – Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 65,002 shares, an increase of 62.9% from the November 30th total of 39,903 shares. Approximately 7.4% of the shares of the company are short sold. Based on an average trading volume of 100,707 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 100,707 shares, the days-to-cover ratio is presently 0.6 days. Approximately 7.4% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of ELIL. SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily LLY Bull 2X Shares in the third quarter worth approximately $30,000. Optiver Holding B.V. grew its holdings in Direxion Daily LLY Bull 2X Shares by 55.6% in the third quarter. Optiver Holding B.V. now owns 40,082 shares of the company’s stock worth $667,000 after purchasing an additional 14,329 shares during the period. Susquehanna International Group LLP increased 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 purchasing an additional 22,987 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Direxion Daily LLY Bull 2X Shares in the first quarter valued at $585,000. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily LLY Bull 2X Shares during the third quarter valued at about $934,000.
Direxion Daily LLY Bull 2X Shares Price Performance
Shares of NASDAQ ELIL traded up $0.08 during trading hours on Friday, reaching $28.51. 47,867 shares of the stock were exchanged, compared to its average volume of 127,386. The stock’s fifty day simple moving average is $26.50 and its 200 day simple moving average is $20.62. Direxion Daily LLY Bull 2X Shares has a 52 week low of $11.50 and a 52 week high of $34.28.
Direxion Daily LLY Bull 2X Shares Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd will be given a dividend of $0.1321 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $0.53 annualized dividend and a yield of 1.9%.
Direxion Daily LLY Bull 2X Shares 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.