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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 30,240,000 shares, a decline of 53.4% from the March 31st total of 64,900,000 shares. Based on an average daily volume of 162,084,800 shares, the days-to-cover ratio is currently 0.2 days. Currently, 5.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC boosted its holdings in Direxion Daily TSLA Bull 2X Shares by 13.7% during the 4th quarter. Sanctuary Advisors LLC now owns 12,500 shares of the company’s stock valued at $327,000 after acquiring an additional 1,505 shares during the period. PayPay Securities Corp acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $50,000. TRUE Private Wealth Advisors increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 5.9% during the fourth quarter. TRUE Private Wealth Advisors now owns 48,775 shares of the company’s stock worth $1,343,000 after buying an additional 2,729 shares during the period. Tower Research Capital LLC TRC raised its holdings in Direxion Daily TSLA Bull 2X Shares by 13.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 26,926 shares of the company’s stock valued at $741,000 after acquiring an additional 3,294 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at approximately $92,000.

Direxion Daily TSLA Bull 2X Shares Stock Up 0.9 %

Shares of NASDAQ TSLL opened at $10.54 on Tuesday. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 48.19 and a beta of -5.14. Direxion Daily TSLA Bull 2X Shares has a 52 week low of $6.29 and a 52 week high of $41.50. The firm has a 50-day simple moving average of $10.06 and a 200-day simple moving average of $18.33.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.0845 dividend. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, March 25th. This represents a $0.34 annualized dividend and a dividend yield of 3.21%.

About Direxion Daily TSLA Bull 2X Shares