Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS) Shares Up 1.3% – Here’s What Happened

Direxion Daily LLY Bear 1X Shares (NASDAQ:ELIS)’s stock price rose 1.3% during trading on Wednesday . The stock traded as high as $18.40 and last traded at $18.06. Approximately 10,500 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 8,888 shares. The stock had previously closed at $17.82.

Direxion Daily LLY Bear 1X Shares Trading Up 1.3%

The business’s 50-day moving average is $17.81 and its 200-day moving average is $22.40.

Direxion Daily LLY Bear 1X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.6173 dividend. This represents a $2.47 annualized dividend and a dividend yield of 13.7%. The ex-dividend date of this dividend was Tuesday, December 23rd. This is an increase from Direxion Daily LLY Bear 1X Shares’s previous quarterly dividend of $0.17.

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

Several institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. increased its stake in shares of Direxion Daily LLY Bear 1X Shares by 541.3% in the third quarter. Optiver Holding B.V. now owns 73,489 shares of the company’s stock valued at $1,863,000 after buying an additional 62,030 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Direxion Daily LLY Bear 1X Shares during the 1st quarter worth about $645,000. Finally, Csenge Advisory Group acquired a new stake in Direxion Daily LLY Bear 1X Shares in the 3rd quarter valued at about $411,000.

About Direxion Daily LLY Bear 1X Shares

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. The fund employs short strategy and 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.