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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 35,820,000 shares, an increase of 90.8% from the December 31st total of 18,770,000 shares. Based on an average daily trading volume, of 73,516,700 shares, the short-interest ratio is presently 0.5 days.

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

Several institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth $275,000. Sanctuary Advisors LLC grew its position in Direxion Daily TSLA Bull 2X Shares by 13.7% in the fourth quarter. Sanctuary Advisors LLC now owns 12,500 shares of the company’s stock worth $327,000 after acquiring an additional 1,505 shares in the last quarter. PayPay Securities Corp bought a new stake in Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth approximately $50,000. Sloy Dahl & Holst LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at approximately $2,352,000. Finally, SG Americas Securities LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at approximately $916,000.

Direxion Daily TSLA Bull 2X Shares Stock Up 2.0 %

TSLL stock traded up $0.52 during mid-day trading on Friday, hitting $26.70. The company had a trading volume of 65,225,125 shares, compared to its average volume of 63,287,152. The company has a 50-day moving average price of $28.02 and a 200 day moving average price of $17.69. Direxion Daily TSLA Bull 2X Shares has a 12-month low of $4.94 and a 12-month high of $41.50. The company has a market capitalization of $5.08 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 was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.1399 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Direxion Daily TSLA Bull 2X Shares Company Profile