Short Interest in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Increases By 90.8%

Posted by Tyrone Williams on Jan 31st, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) 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 trading volume of 73,516,700 shares, the days-to-cover ratio is currently 0.5 days.

Direxion Daily TSLA Bull 2X Shares Trading Up 0.7 %

TSLL traded up $0.18 during trading on Friday, hitting $26.36. 55,973,156 shares of the company traded hands, compared to its average volume of 62,690,578. The company has a market cap of $5.01 billion, a PE ratio of 40.38 and a beta of -5.14. Direxion Daily TSLA Bull 2X Shares has a 1 year low of $4.94 and a 1 year high of $41.50. The stock’s 50-day simple moving average is $27.94 and its two-hundred day simple moving average is $17.59.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.1399 per share. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Direxion Daily TSLA Bull 2X Shares

Several large investors have recently bought and sold shares of the business. PayPay Securities Corp purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at $50,000. Morse Asset Management Inc purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $119,000. Sanctuary Advisors LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth about $152,000. B. Riley Wealth Advisors Inc. bought a new position in Direxion Daily TSLA Bull 2X Shares during the 2nd quarter valued at about $213,000. Finally, Client First Investment Management LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth about $327,000.