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

Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) was the target of a large decline in short interest during the month of 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 trading volume of 68,100 shares, the days-to-cover ratio is presently 0.4 days. Currently, 4.8% of the shares of the stock are short sold.

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

An institutional investor recently bought a new position in Direxion Daily LLY Bull 2X ETF stock. IMC Chicago LLC bought a new position in Direxion Daily LLY Bull 2X ETF (NASDAQ:ELIL) in the first quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Direxion Daily LLY Bull 2X ETF Trading Up 0.0%

NASDAQ ELIL opened at $28.94 on Wednesday. The stock has a 50 day moving average price of $29.18 and a 200-day moving average price of $25.87. Direxion Daily LLY Bull 2X ETF has a one year low of $15.16 and a one year high of $35.13.

About Direxion Daily LLY Bull 2X ETF

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.