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

Posted by MarketBeat News on Dec 2nd, 2024

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

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

Several institutional investors have recently made changes to their positions in the stock. TB Alternative Assets Ltd. bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter worth approximately $2,794,000. Virtu Financial LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares in the first quarter valued at $522,000. Scientech Research LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter valued at $869,000. Citigroup Inc. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the third quarter worth about $51,145,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the second quarter worth about $213,000.

Direxion Daily TSLA Bull 2X Shares Stock Performance

Shares of NASDAQ:TSLL opened at $21.36 on Monday. The company’s fifty day moving average is $14.65 and its two-hundred day moving average is $11.63. Direxion Daily TSLA Bull 2X Shares has a 1-year low of $4.94 and a 1-year high of $23.59. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

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