Short Interest in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Declines By 37.8%

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 20,084,863 shares, a drop of 37.8% from the December 15th total of 32,273,744 shares. Based on an average trading volume of 78,063,611 shares, the short-interest ratio is currently 0.3 days. Approximately 6.1% of the shares of the stock are sold short. Approximately 6.1% of the shares of the stock are sold short. Based on an average trading volume of 78,063,611 shares, the short-interest ratio is currently 0.3 days.

Direxion Daily TSLA Bull 2X Shares Trading Down 0.4%

Shares of NASDAQ:TSLL traded down $0.07 during trading on Friday, hitting $17.91. 54,374,702 shares of the stock were exchanged, compared to its average volume of 74,422,102. The company has a market cap of $6.03 billion, a PE ratio of 88.55 and a beta of 2.85. The company has a fifty day moving average price of $19.17 and a two-hundred day moving average price of $16.87. Direxion Daily TSLA Bull 2X Shares has a 12-month low of $6.29 and a 12-month high of $31.69.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company 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 annualized dividend and a yield of 2.5%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG grew its stake in Direxion Daily TSLA Bull 2X Shares by 9.0% in the 3rd quarter. UBS Group AG now owns 7,933,334 shares of the company’s stock valued at $167,473,000 after acquiring an additional 654,265 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at about $13,256,000. Simplex Trading LLC grew its position in shares of Direxion Daily TSLA Bull 2X Shares by 199.8% in the second quarter. Simplex Trading LLC now owns 816,632 shares of the company’s stock valued at $9,644,000 after purchasing an additional 544,253 shares during the last quarter. Simplify Asset Management Inc. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $6,359,000. Finally, Sloy Dahl & Holst LLC increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 16.7% during the 2nd quarter. Sloy Dahl & Holst LLC now owns 1,397,733 shares of the company’s stock worth $16,507,000 after purchasing an additional 200,029 shares in the last quarter.

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.