Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Short Interest Up 34.9% in January

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) was the target 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. Approximately 12.2% of the company’s shares are sold short. Based on an average daily trading volume, of 75,482,556 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 75,482,556 shares, the short-interest ratio is presently 0.6 days. Approximately 12.2% of the company’s shares are sold short.

Direxion Daily TSLA Bull 2X Shares Trading Up 0.1%

Shares of Direxion Daily TSLA Bull 2X Shares stock traded up $0.02 during trading hours on Monday, reaching $15.91. 80,526,175 shares of the company’s stock were exchanged, compared to its average volume of 77,051,523. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 88.55 and a beta of 2.85. Direxion Daily TSLA Bull 2X Shares has a 52-week low of $6.29 and a 52-week high of $23.74. The company has a fifty day moving average of $18.62 and a 200-day moving average of $17.65.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently declared 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 was Tuesday, December 23rd. This represents a $0.45 annualized dividend and a yield of 2.8%.

Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Spire Wealth Management purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at $30,000. Toth Financial Advisory Corp increased its stake in 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 acquiring an additional 825 shares during the last quarter. Anfield Capital Management LLC lifted its stake in shares of 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 valued at $38,000 after purchasing an additional 1,000 shares in the last quarter. PayPay Securities Corp grew 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 worth $45,000 after purchasing an additional 1,377 shares during the period. Finally, BOKF NA acquired a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth approximately $46,000.

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.