Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Short Interest Down 22.6% in December

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 19,230,000 shares, a decrease of 22.6% from the November 30th total of 24,860,000 shares. Based on an average daily volume of 71,740,500 shares, the days-to-cover ratio is presently 0.3 days.

Direxion Daily TSLA Bull 2X Shares Price Performance

NASDAQ:TSLL traded down $3.48 on Friday, reaching $31.60. 63,855,789 shares of the company’s stock were exchanged, compared to its average volume of 43,119,383. The stock has a fifty day simple moving average of $22.30 and a 200-day simple moving average of $14.85. Direxion Daily TSLA Bull 2X Shares has a 52 week low of $4.94 and a 52 week high of $41.50. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a $0.1399 dividend. The ex-dividend date is Monday, December 23rd.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citigroup Inc. purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at $51,145,000. TB Alternative Assets Ltd. purchased a new position in Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at about $2,794,000. JPMorgan Chase & Co. increased its position in shares of 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. Scientech Research LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter worth about $869,000. Finally, Garden State Investment Advisory Services LLC bought a new position in shares of Direxion Daily TSLA Bull 2X Shares in the second quarter valued at approximately $366,000.

Direxion Daily TSLA Bull 2X Shares Company Profile