Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Significant Increase in Short Interest

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 30,926,145 shares, a growth of 54.0% from the December 31st total of 20,084,863 shares. Approximately 9.2% of the company’s stock are sold short. Based on an average daily trading volume, of 75,847,173 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 75,847,173 shares, the short-interest ratio is presently 0.4 days. Approximately 9.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TSLL. Spire Wealth Management bought a new stake in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth about $30,000. Toth Financial Advisory Corp boosted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 99.2% during the 3rd quarter. Toth Financial Advisory Corp now owns 1,657 shares of the company’s stock valued at $35,000 after acquiring an additional 825 shares during the last quarter. PayPay Securities Corp grew its stake in shares of Direxion Daily TSLA Bull 2X Shares by 143.1% in the fourth quarter. PayPay Securities Corp now owns 2,339 shares of the company’s stock worth $45,000 after acquiring an additional 1,377 shares during the period. BOKF NA purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter valued at approximately $46,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter valued at approximately $85,000.

Direxion Daily TSLA Bull 2X Shares Stock Up 6.5%

NASDAQ:TSLL opened at $17.11 on Friday. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. The company’s 50 day moving average price is $19.20 and its 200-day moving average price is $17.28. Direxion Daily TSLA Bull 2X Shares has a 52 week low of $6.29 and a 52 week high of $28.72.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a $0.1122 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.6%.

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.