Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL) Shares Up 1.6% – Time to Buy?

Direxion Daily LLY Bull 2X Shares (NASDAQ:ELIL)’s share price rose 1.6% during trading on Friday . The company traded as high as $29.82 and last traded at $28.29. Approximately 206,524 shares traded hands during trading, an increase of 67% from the average daily volume of 123,322 shares. The stock had previously closed at $27.84.

Direxion Daily LLY Bull 2X Shares Stock Performance

The business has a 50 day moving average of $21.45 and a 200 day moving average of $24.69.

Direxion Daily LLY Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a dividend of $0.0532 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.21 dividend on an annualized basis and a yield of 0.8%.

Hedge Funds Weigh In On Direxion Daily LLY Bull 2X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IMC Chicago LLC bought a new position in Direxion Daily LLY Bull 2X Shares during the first quarter valued at approximately $250,000. Susquehanna International Group LLP boosted its stake in Direxion Daily LLY Bull 2X Shares by 148.0% during the third quarter. Susquehanna International Group LLP now owns 38,520 shares of the company’s stock valued at $641,000 after buying an additional 22,987 shares during the last quarter. Virtu Financial LLC bought a new position in Direxion Daily LLY Bull 2X Shares during the third quarter valued at approximately $934,000. Optiver Holding B.V. boosted its stake in Direxion Daily LLY Bull 2X Shares by 55.6% during the third quarter. Optiver Holding B.V. now owns 40,082 shares of the company’s stock valued at $667,000 after buying an additional 14,329 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Direxion Daily LLY Bull 2X Shares during the third quarter valued at approximately $30,000.

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.