Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Short Interest Up 157.4% in April

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 40,004 shares, a growth of 157.4% from the April 15th total of 15,543 shares. Approximately 5.0% of the company’s stock are short sold. Based on an average daily trading volume, of 148,757 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Direxion Daily LLY Bull 2X Shares

Several institutional investors have recently bought and sold shares of ELIL. SBI Securities Co. Ltd. purchased a new stake in Direxion Daily LLY Bull 2X Shares during the 3rd quarter valued at about $30,000. IMC Chicago LLC purchased a new stake in Direxion Daily LLY Bull 2X Shares during the 1st quarter valued at about $250,000. Goldman Sachs Group Inc. purchased a new stake in Direxion Daily LLY Bull 2X Shares during the 1st quarter valued at about $585,000. Susquehanna International Group LLP grew its position in Direxion Daily LLY Bull 2X Shares by 148.0% during the 3rd 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 during the last quarter. Finally, Optiver Holding B.V. grew its position in Direxion Daily LLY Bull 2X Shares by 55.6% during the 3rd quarter. Optiver Holding B.V. now owns 40,082 shares of the company’s stock valued at $667,000 after purchasing an additional 14,329 shares during the last quarter.

Direxion Daily LLY Bull 2X Shares Stock Down 0.5%

Shares of NASDAQ:ELIL traded down $0.12 during midday trading on Friday, reaching $22.41. The company’s stock had a trading volume of 51,216 shares, compared to its average volume of 124,796. The firm has a 50 day moving average of $20.18 and a 200-day moving average of $24.51. Direxion Daily LLY Bull 2X Shares has a 12-month low of $11.50 and a 12-month high of $34.28.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a dividend of $0.0532 per share. This represents a $0.21 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, March 24th.

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.