Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Short Interest Down 22.6% in December

Posted by Casey Walker on Dec 30th, 2024

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 19,230,000 shares, a decline of 22.6% from the November 30th total of 24,860,000 shares. Based on an average daily trading volume, of 71,740,500 shares, the short-interest ratio is presently 0.3 days.

Direxion Daily TSLA Bull 2X Shares Stock Performance

Shares of NASDAQ TSLL traded down $2.10 during trading on Monday, hitting $29.50. 46,906,362 shares of the company were exchanged, compared to its average volume of 43,132,660. 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 fifty day moving average price of $22.30 and a 200-day moving average price of $14.90. The firm has a market capitalization of $5.66 billion, a PE 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 will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be paid a $0.1399 dividend. The ex-dividend date is Monday, December 23rd.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Several institutional investors have recently made changes to their positions in TSLL. Morse Asset Management Inc purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth $119,000. AE Wealth Management LLC increased its position in shares of Direxion Daily TSLA Bull 2X Shares by 16.0% during the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock valued at $133,000 after acquiring an additional 2,000 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at approximately $152,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter worth approximately $213,000. Finally, Garden State Investment Advisory Services LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth approximately $366,000.