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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 19,230,000 shares, a drop of 22.6% from the November 30th total of 24,860,000 shares. Based on an average daily volume of 71,740,500 shares, the days-to-cover ratio is currently 0.3 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of TSLL. AE Wealth Management LLC grew its stake in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% in the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock worth $133,000 after purchasing an additional 2,000 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter worth approximately $366,000. Scientech Research LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter valued at approximately $869,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter valued at approximately $213,000. Finally, TB Alternative Assets Ltd. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter valued at approximately $2,794,000.

Direxion Daily TSLA Bull 2X Shares Stock Down 9.9 %

Direxion Daily TSLA Bull 2X Shares stock opened at $31.60 on Friday. The business has a 50-day simple moving average of $22.30 and a 200 day simple moving average of $14.80. Direxion Daily TSLA Bull 2X Shares has a 52 week low of $4.94 and a 52 week high of $41.50. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a $0.1399 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

About Direxion Daily TSLA Bull 2X Shares