Short Interest in Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Expands By 217.4%

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 93,448 shares, an increase of 217.4% from the June 15th total of 29,442 shares. Approximately 12.8% of the shares of the company are sold short. Based on an average daily volume of 96,060 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Direxion Daily LLY Bull 2X Shares

Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in Direxion Daily LLY Bull 2X Shares in the third quarter valued at about $934,000. Susquehanna International Group LLP increased its position in shares of 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. Goldman Sachs Group Inc. bought a new position in shares of Direxion Daily LLY Bull 2X Shares in the 1st quarter worth approximately $585,000. Finally, IMC Chicago LLC bought a new stake in Direxion Daily LLY Bull 2X Shares during the first quarter valued at approximately $250,000.

Direxion Daily LLY Bull 2X Shares Trading Down 5.7%

NASDAQ:ELIL traded down $1.73 during trading hours on Tuesday, reaching $28.55. The company had a trading volume of 82,907 shares, compared to its average volume of 118,176. Direxion Daily LLY Bull 2X Shares has a 52 week low of $11.50 and a 52 week high of $34.28. The firm’s 50 day moving average price is $26.85 and its 200-day moving average price is $24.69.

Direxion Daily LLY Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1279 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, June 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.