Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Short Interest Update

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) was the target of a large decrease in short interest in 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 trading volume, of 162,084,800 shares, the short-interest ratio is currently 0.2 days. Currently, 5.8% of the shares of the stock are sold short.

Direxion Daily TSLA Bull 2X Shares Price Performance

Shares of TSLL stock traded up $0.47 during trading hours on Friday, reaching $10.57. 245,065,100 shares of the company were exchanged, compared to its average volume of 87,274,770. Direxion Daily TSLA Bull 2X Shares has a fifty-two week low of $6.29 and a fifty-two week high of $41.50. The stock's fifty day moving average is $9.50 and its two-hundred day moving average is $18.23. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 48.19 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.0845 per share. This is an increase from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.34 annualized dividend and a yield of 3.20%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. PayPay Securities Corp bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth about $50,000. Bank of Montreal Can acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $92,000. Atticus Wealth Management LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the first quarter worth approximately $35,000. Parallel Advisors LLC lifted its holdings in Direxion Daily TSLA Bull 2X Shares by 1,723.8% in the first quarter. Parallel Advisors LLC now owns 7,295 shares of the company's stock valued at $69,000 after buying an additional 6,895 shares during the period. Finally, Morse Asset Management Inc bought a new position in Direxion Daily TSLA Bull 2X Shares in the third quarter valued at approximately $119,000.

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