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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 32,430,000 shares, a drop of 29.1% from the October 15th total of 45,750,000 shares. Based on an average trading volume of 60,600,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Citigroup Inc. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at about $51,145,000. Traynor Capital Management Inc. grew its stake in shares of Direxion Daily TSLA Bull 2X Shares by 14.4% in the 2nd quarter. Traynor Capital Management Inc. now owns 437,878 shares of the company’s stock valued at $4,028,000 after buying an additional 55,194 shares during the period. TB Alternative Assets Ltd. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at approximately $2,794,000. Scientech Research LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 2nd quarter worth approximately $869,000. Finally, Virtu Financial LLC acquired a new position in Direxion Daily TSLA Bull 2X Shares in the first quarter valued at approximately $522,000.

Direxion Daily TSLA Bull 2X Shares Price Performance

NASDAQ TSLL traded down $2.31 on Thursday, hitting $17.61. The company had a trading volume of 87,338,621 shares, compared to its average volume of 40,236,813. The company has a market capitalization of $3.38 billion, a PE ratio of 40.38 and a beta of -5.14. Direxion Daily TSLA Bull 2X Shares has a 12-month low of $4.94 and a 12-month high of $23.50. The company’s fifty day moving average price is $12.32 and its 200-day moving average price is $10.55.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a dividend of $0.0803 per share. This represents a $0.32 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, September 24th. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

About Direxion Daily TSLA Bull 2X Shares