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

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

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

Institutional investors have recently modified their holdings of the stock. Spire Wealth Management acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter worth $30,000. Toth Financial Advisory Corp grew its stake in Direxion Daily TSLA Bull 2X Shares by 99.2% in 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 in the last quarter. Anfield Capital Management LLC increased its position in Direxion Daily TSLA Bull 2X Shares by 100.0% in 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 last quarter. PayPay Securities Corp lifted its holdings 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 valued at $45,000 after buying an additional 1,377 shares during the last quarter. Finally, BOKF NA bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at approximately $46,000.

Direxion Daily TSLA Bull 2X Shares Trading Up 0.1%

NASDAQ:TSLL traded up $0.02 on Friday, hitting $15.91. 80,526,175 shares of the company’s stock traded hands, compared to its average volume of 77,051,523. The company has a market cap of $5.42 billion, a PE 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 $23.74. The firm has a 50-day moving average price of $18.62 and a 200-day moving average price of $17.60.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

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

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.