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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 12,210,000 shares, a growth of 295.1% from the March 31st total of 3,090,000 shares. Based on an average daily trading volume, of 18,129,300 shares, the days-to-cover ratio is presently 0.7 days.

Direxion Daily TSLA Bull 2X Shares Trading Down 2.6 %

NASDAQ TSLL traded down $0.19 during trading hours on Friday, hitting $7.15. 28,773,372 shares of the company’s stock traded hands, compared to its average volume of 17,718,053. The business’s fifty day moving average price is $8.04 and its two-hundred day moving average price is $11.09. The firm has a market capitalization of $768.98 million, a P/E ratio of 36.80 and a beta of -5.14. Direxion Daily TSLA Bull 2X Shares has a 52 week low of $4.94 and a 52 week high of $21.09.

Direxion Daily TSLA Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were given a dividend of $0.0788 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.32 annualized dividend and a yield of 4.41%.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Traynor Capital Management Inc. increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 22.6% in the first quarter. Traynor Capital Management Inc. now owns 382,684 shares of the company’s stock worth $3,104,000 after purchasing an additional 70,574 shares in the last quarter. Simplex Trading LLC increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 122.1% in the third quarter. Simplex Trading LLC now owns 95,631 shares of the company’s stock worth $1,479,000 after purchasing an additional 52,579 shares in the last quarter. Clarity Capital Partners LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $1,058,000. First City Capital Management Inc. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter worth $1,053,000. Finally, TRUE Private Wealth Advisors increased its stake in shares of Direxion Daily TSLA Bull 2X Shares by 11.2% in the first quarter. TRUE Private Wealth Advisors now owns 42,700 shares of the company’s stock worth $346,000 after purchasing an additional 4,315 shares in the last quarter.

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