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

Posted by Jessica Moore on Feb 1st, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 35,820,000 shares, an increase of 90.8% from the December 31st total of 18,770,000 shares. Based on an average daily trading volume, of 73,516,700 shares, the days-to-cover ratio is currently 0.5 days.

Direxion Daily TSLA Bull 2X Shares Stock Performance

TSLL stock traded up $0.52 during midday trading on Friday, reaching $26.70. The company’s stock had a trading volume of 65,225,125 shares, compared to its average volume of 63,287,152. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14. Direxion Daily TSLA Bull 2X Shares has a 1 year low of $4.94 and a 1 year high of $41.50. The stock has a fifty day simple moving average of $28.02 and a two-hundred day simple moving average of $17.69.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.1399 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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

Several large investors have recently added to or reduced their stakes in TSLL. PayPay Securities Corp bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth $50,000. Morse Asset Management Inc purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the third quarter worth $119,000. Sanctuary Advisors LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at $152,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 2nd quarter valued at $213,000. Finally, Global Retirement Partners LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter worth $275,000.