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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) experienced a notable rise in short interest during October. As of October 15th, short interest reached a total of 45,750,000 shares, marking an increase of 49.0% compared to the 30,700,000 shares reported on September 30th. Given an average daily trading volume of 51,280,800 shares, the current short-interest ratio stands at 0.9 days.

Institutional Inflows and Outflows

Recently, various hedge funds and institutional investors have adjusted their holdings in TSLL. TRUE Private Wealth Advisors boosted its investment in Direxion Daily TSLA Bull 2X Shares by 2.7% in the second quarter, bringing its total ownership to 43,842 shares valued at $403,000 after acquiring an additional 1,142 shares. Additionally, AE Wealth Management LLC increased its stake by 16.0% during the second quarter, now holding 14,476 shares valued at $133,000 after purchasing 2,000 more shares. Headlands Technologies LLC also took a new position in the first quarter worth about $54,000. B. Riley Wealth Advisors Inc. and Beacon Capital Management LLC made new buys in the fourth and second quarters, respectively, with values of $144,000 and $120,000.

Direxion Daily TSLA Bull 2X Shares Stock Down 4.9%

On Monday, NASDAQ:TSLL fell by $0.67, closing at $13.13. Throughout the trading session, 81,208,668 shares changed hands, significantly above its average volume of 36,680,324. The stock has fluctuated between a 52-week low of $4.94 and a high of $16.85. Currently, the fifty-day simple moving average sits at $10.88, while the two-hundred-day moving average is $9.77. The company has a market capitalization 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

Additionally, Direxion Daily TSLA Bull 2X Shares declared a quarterly dividend recently, which was paid out on October 1st. Shareholders on record as of September 24th received a dividend of $0.0803 per share, which translates to an annualized dividend of $0.32 and a yield of 2.45%. This payout marks an increase from the previous quarterly dividend of $0.08.

Direxion Daily TSLA Bull 2X Shares Company Profile

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