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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 32,273,744 shares, a decline of 36.3% from the November 30th total of 50,643,014 shares. Based on an average daily volume of 76,589,833 shares, the days-to-cover ratio is presently 0.4 days. Approximately 8.6% of the company’s stock are sold short. Approximately 8.6% of the company’s stock are sold short. Based on an average daily volume of 76,589,833 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily TSLA Bull 2X Shares Stock Performance

NASDAQ TSLL opened at $21.39 on Friday. The firm’s 50 day moving average price is $19.87 and its 200-day moving average price is $16.23. Direxion Daily TSLA Bull 2X Shares has a 52-week low of $6.29 and a 52-week high of $34.38. The company has a market cap of $7.99 billion, a PE ratio of 88.55 and a beta of 2.85.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be given a dividend of $0.1122 per share. This represents a $0.45 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 23rd.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TSLL. UBS Group AG lifted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 9.0% during the 3rd quarter. UBS Group AG now owns 7,933,334 shares of the company’s stock worth $167,473,000 after purchasing an additional 654,265 shares during the last quarter. Sloy Dahl & Holst LLC raised its holdings in Direxion Daily TSLA Bull 2X Shares by 1.5% in the third quarter. Sloy Dahl & Holst LLC now owns 1,419,078 shares of the company’s stock worth $29,957,000 after purchasing an additional 21,345 shares in the last quarter. Simplex Trading LLC lifted its position in shares of Direxion Daily TSLA Bull 2X Shares by 199.8% during the second quarter. Simplex Trading LLC now owns 816,632 shares of the company’s stock valued at $9,644,000 after buying an additional 544,253 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at about $13,256,000. Finally, SBI Securities Co. Ltd. grew its position in shares of Direxion Daily TSLA Bull 2X Shares by 72.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 430,252 shares of the company’s stock worth $5,081,000 after buying an additional 180,551 shares during the last quarter.

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.