Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS) Shares Down 1.4% – Should You Sell?

Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS) shares traded down 1.4% during mid-day trading on Thursday . The company traded as low as $17.94 and last traded at $18.15. 5,946 shares traded hands during mid-day trading, an increase of 5,846% from the average session volume of 100 shares. The stock had previously closed at $18.41.

Direxion Daily LLY Bear 1X Shares Trading Down 1.4%

The firm has a 50-day simple moving average of $20.33 and a 200 day simple moving average of $24.10.

Direxion Daily LLY Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were paid a dividend of $0.1709 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.68 annualized dividend and a yield of 3.8%.

Hedge Funds Weigh In On Direxion Daily LLY Bear 1X Shares

Large investors have recently made changes to their positions in the business. Csenge Advisory Group purchased a new stake in shares of Direxion Daily LLY Bear 1X Shares in the 3rd quarter worth approximately $411,000. Goldman Sachs Group Inc. bought a new stake in shares of Direxion Daily LLY Bear 1X Shares during the first quarter valued at approximately $645,000. Finally, Optiver Holding B.V. raised its holdings in Direxion Daily LLY Bear 1X Shares by 541.3% in the 3rd quarter. Optiver Holding B.V. now owns 73,489 shares of the company’s stock worth $1,863,000 after acquiring an additional 62,030 shares during the last quarter.

Direxion Daily LLY Bear 1X Shares Company Profile

Direxion Shares ETF Trust – Direxion Daily LLY Bear 1X 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.