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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 45,750,000 shares, an increase of 49.0% from the September 30th total of 30,700,000 shares. Based on an average daily volume of 51,280,800 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TSLL. TRUE Private Wealth Advisors raised its stake in Direxion Daily TSLA Bull 2X Shares by 2.7% in the second quarter. TRUE Private Wealth Advisors now owns 43,842 shares of the company's stock valued at $403,000 after purchasing an additional 1,142 shares in the last quarter. AE Wealth Management LLC raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% during the 2nd quarter. AE Wealth Management LLC now owns 14,476 shares of the company's stock valued at $133,000 after buying an additional 2,000 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 1st quarter worth $54,000. B. Riley Wealth Advisors Inc. purchased a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $144,000. Finally, Beacon Capital Management LLC bought a new position in Direxion Daily TSLA Bull 2X Shares in the second quarter valued at $120,000.

Direxion Daily TSLA Bull 2X Shares Stock Down 4.9 %

NASDAQ:TSLL traded down $0.67 during trading hours on Monday, hitting $13.13. 81,208,668 shares of the company's stock traded hands, compared to its average volume of 36,680,324. Direxion Daily TSLA Bull 2X Shares has a 52 week low of $4.94 and a 52 week high of $16.85. The business's fifty day simple moving average is $10.88 and its two-hundred day simple moving average is $9.77. The firm has a market cap of $2.67 billion, a P/E ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.0803 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Tuesday, September 24th. This is an increase from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08.

Direxion Daily TSLA Bull 2X Shares Company Profile

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