Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) saw a significant decrease in short interest during 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 short-interest ratio is currently 0.2 days. Approximately 5.8% of the company's stock are sold short.
Direxion Daily TSLA Bull 2X Shares Trading Down 6.6 %
Shares of TSLL traded down $0.72 during trading hours on Wednesday, reaching $10.25. 214,039,017 shares of the stock traded hands, compared to its average volume of 85,844,658. Direxion Daily TSLA Bull 2X Shares has a 52 week low of $6.29 and a 52 week high of $41.50. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 48.19 and a beta of -5.14. The stock has a fifty day simple moving average of $9.72 and a 200 day simple moving average of $18.22.
Direxion Daily TSLA Bull 2X Shares Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.0845 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.34 annualized dividend and a dividend yield of 3.30%. This is a boost from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08.
Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares
Several institutional investors have recently modified their holdings of the business. Simplify Asset Management Inc. purchased a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $5,014,000. SG Americas Securities LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth $916,000. Sloy Dahl & Holst LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth about $2,352,000. Barclays PLC bought a new position in Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at about $7,433,000. Finally, JPMorgan Chase & Co. grew its position in Direxion Daily TSLA Bull 2X Shares by 248.3% during the third quarter. JPMorgan Chase & Co. now owns 158,598 shares of the company's stock valued at $2,192,000 after buying an additional 113,068 shares during the period.
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