Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Short Interest Update

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 20,084,863 shares, a decrease of 37.8% from the December 15th total of 32,273,744 shares. Currently, 6.1% of the company’s stock are short sold. Based on an average daily volume of 78,063,611 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 78,063,611 shares, the days-to-cover ratio is presently 0.3 days. Currently, 6.1% of the company’s stock are short sold.

Direxion Daily TSLA Bull 2X Shares Stock Performance

Shares of TSLL stock traded down $0.07 during mid-day trading on Friday, hitting $17.91. The company’s stock had a trading volume of 54,374,702 shares, compared to its average volume of 74,422,102. Direxion Daily TSLA Bull 2X Shares has a 52-week low of $6.29 and a 52-week high of $31.69. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. The business has a 50-day moving average price of $19.19 and a 200 day moving average price of $16.78.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a $0.1122 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, December 23rd.

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

Several large investors have recently added to or reduced their stakes in TSLL. Spire Wealth Management bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth $30,000. Toth Financial Advisory Corp increased its stake 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 worth $35,000 after purchasing an additional 825 shares in the last quarter. BOKF NA acquired a new position in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at $46,000. SOA Wealth Advisors LLC. purchased a new position in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter worth approximately $85,000. Finally, Sonora Investment Management Group LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at about $121,000.

About Direxion Daily TSLA Bull 2X Shares

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.