Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Short Interest Up 34.9% in January

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 41,719,205 shares, an increase of 34.9% from the January 15th total of 30,926,145 shares. Based on an average daily trading volume, of 75,482,556 shares, the days-to-cover ratio is currently 0.6 days. Currently, 12.2% of the company’s shares are sold short. Currently, 12.2% of the company’s shares are sold short. Based on an average daily trading volume, of 75,482,556 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Direxion Daily TSLA Bull 2X Shares

Institutional investors and hedge funds have recently made changes to their positions in the company. Spire Wealth Management acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter worth about $30,000. Toth Financial Advisory Corp grew its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 99.2% during the third quarter. Toth Financial Advisory Corp now owns 1,657 shares of the company’s stock valued at $35,000 after purchasing an additional 825 shares during the last quarter. Anfield Capital Management LLC raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 100.0% during the 4th quarter. Anfield Capital Management LLC now owns 2,000 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares during the period. PayPay Securities Corp raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 143.1% during the 4th quarter. PayPay Securities Corp now owns 2,339 shares of the company’s stock worth $45,000 after purchasing an additional 1,377 shares during the period. Finally, BOKF NA bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth approximately $46,000.

Direxion Daily TSLA Bull 2X Shares Stock Performance

Shares of NASDAQ:TSLL traded up $0.02 during trading on Friday, hitting $15.91. The company’s stock had a trading volume of 80,526,175 shares, compared to its average volume of 77,051,523. The company has a market capitalization of $5.42 billion, a PE ratio of 88.55 and a beta of 2.85. Direxion Daily TSLA Bull 2X Shares has a fifty-two week low of $6.29 and a fifty-two week high of $23.74. The stock’s 50-day moving average price is $18.62 and its two-hundred day moving average price is $17.60.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a $0.1122 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.45 annualized dividend and a dividend yield of 2.8%.

Direxion Daily TSLA Bull 2X Shares Company Profile

The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLL was launched on Aug 9, 2022 and is managed by Direxion.