Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Short Interest Update

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 2,545 shares, a drop of 96.1% from the December 15th total of 65,002 shares. Based on an average daily volume of 82,969 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 82,969 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily LLY Bull 2X Shares during the 1st quarter valued at about $585,000. SBI Securities Co. Ltd. bought a new stake in Direxion Daily LLY Bull 2X Shares in the 3rd quarter worth approximately $30,000. Optiver Holding B.V. boosted its stake 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 buying an additional 14,329 shares in the last quarter. Susquehanna International Group LLP grew its position in 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 valued at $641,000 after acquiring an additional 22,987 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Direxion Daily LLY Bull 2X Shares during the third quarter valued at approximately $934,000.

Direxion Daily LLY Bull 2X Shares Trading Up 3.0%

Shares of ELIL traded up $0.83 during midday trading on Monday, hitting $28.39. 118,173 shares of the company traded hands, compared to its average volume of 129,534. Direxion Daily LLY Bull 2X Shares has a one year low of $11.50 and a one year high of $34.28. The stock has a 50-day moving average of $28.44 and a 200-day moving average of $21.29.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.1321 per share. This represents a $0.53 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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.