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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 30,240,000 shares, a decrease 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 company are short sold.

Direxion Daily TSLA Bull 2X Shares Stock Performance

NASDAQ TSLL opened at $10.54 on Tuesday. Direxion Daily TSLA Bull 2X Shares has a one year low of $6.29 and a one year high of $41.50. The firm has a market cap of $5.46 billion, a PE ratio of 48.19 and a beta of -5.14. The firm’s fifty day moving average is $10.06 and its two-hundred day moving average is $18.33.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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%.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

A number of institutional investors have recently bought and sold shares of the company. Simplex Trading LLC raised its position in shares of Direxion Daily TSLA Bull 2X Shares by 230.3% during the 4th quarter. Simplex Trading LLC now owns 465,134 shares of the company’s stock worth $12,805,000 after purchasing an additional 324,332 shares during the last quarter. Barclays PLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter valued at approximately $7,433,000. TB Alternative Assets Ltd. acquired a new position in Direxion Daily TSLA Bull 2X Shares in the first quarter valued at $2,197,000. SBI Securities Co. Ltd. purchased a new position in Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $5,752,000. Finally, Lauer Wealth LLC purchased a new position in Direxion Daily TSLA Bull 2X Shares during the fourth quarter worth about $5,285,000.

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