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

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

Direxion Daily TSLA Bull 2X Shares Price Performance

NASDAQ TSLL opened at $17.11 on Friday. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. Direxion Daily TSLA Bull 2X Shares has a 1-year low of $6.29 and a 1-year high of $28.72. The business’s fifty day moving average price is $19.20 and its 200-day moving average price is $17.28.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Spire Wealth Management bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at $30,000. Toth Financial Advisory Corp raised its holdings in Direxion Daily TSLA Bull 2X Shares by 99.2% in the 3rd quarter. Toth Financial Advisory Corp now owns 1,657 shares of the company’s stock worth $35,000 after purchasing an additional 825 shares during the period. PayPay Securities Corp lifted its position in Direxion Daily TSLA Bull 2X Shares by 143.1% during the fourth quarter. PayPay Securities Corp now owns 2,339 shares of the company’s stock valued at $45,000 after purchasing an additional 1,377 shares in the last quarter. BOKF NA bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at approximately $46,000. Finally, SOA Wealth Advisors LLC. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth approximately $85,000.

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.