Short Interest in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Drops By 17.8%

Posted by Steve Reilly on Nov 30th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 26,650,000 shares, a decrease of 17.8% from the October 31st total of 32,430,000 shares. Based on an average daily trading volume, of 67,581,700 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily TSLA Bull 2X Shares Stock Performance

Shares of NASDAQ TSLL traded up $1.44 during midday trading on Friday, hitting $21.36. 23,420,938 shares of the stock traded hands, compared to its average volume of 41,161,082. Direxion Daily TSLA Bull 2X Shares has a one year low of $4.94 and a one year high of $23.59. The firm has a 50-day moving average of $14.65 and a two-hundred day moving average of $11.57. The firm has a market capitalization of $4.10 billion, a P/E ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.0803 dividend. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Tuesday, September 24th.

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

A number of institutional investors have recently bought and sold shares of TSLL. Morse Asset Management Inc bought a new position in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth $119,000. Beacon Capital Management LLC bought a new position in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter worth $120,000. AE Wealth Management LLC raised its holdings in Direxion Daily TSLA Bull 2X Shares by 16.0% in the 2nd 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 period. Sanctuary Advisors LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth $152,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 2nd quarter worth $213,000.