Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) Shares Shorted: Short Interest Down 56.6% in September

by · The Cerbat Gem

Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL – Get Free Report) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 29,658 shares, a decline of 56.6% from the August 31st total of 68,316 shares. Based on an average daily volume of 68,100 shares, the days-to-cover ratio is currently 0.4 days. Currently, 4.8% of the company’s stock are sold short.

Institutional Trading of Direxion Daily LLY Bull 2X ETF

A hedge fund recently bought a new stake in Direxion Daily LLY Bull 2X ETF stock. IMC Chicago LLC bought a new position in Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,928 shares of the company’s stock, valued at approximately $250,000. IMC Chicago LLC owned 1.62% of Direxion Daily LLY Bull 2X ETF at the end of the most recent reporting period.

Direxion Daily LLY Bull 2X ETF Price Performance

ELIL stock traded up $0.01 during midday trading on Tuesday, hitting $28.94. The stock had a trading volume of 50,027 shares, compared to its average volume of 109,115. The business has a 50-day moving average of $29.19 and a two-hundred day moving average of $25.83. Direxion Daily LLY Bull 2X ETF has a 52-week low of $15.16 and a 52-week high of $35.13.

About Direxion Daily LLY Bull 2X ETF

(Get Free Report)

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.

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