Short Interest in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Declines By 29.8%
Short interest in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) fell by 29.8% in March, totaling 64.9 million shares as of March 31, down from 92.45 million on March 15. The days-to-cover ratio is 0.5 days, with 12.6% of shares short sold. The stock price decreased by 0.6% to $7.65, with a market cap of $4.03 billion. The company recently increased its quarterly dividend to $0.0845 per share. Several hedge funds have also adjusted their positions in the stock recently.
Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 64,900,000 shares, a decrease of 29.8% from the March 15th total of 92,450,000 shares. Based on an average daily trading volume, of 141,315,200 shares, the short-interest ratio is presently 0.5 days. Approximately 12.6% of the shares of the company are short sold.
Direxion Daily TSLA Bull 2X Shares Stock Down 0.6 %
TSLL traded down $0.05 during trading hours on Friday, hitting $7.65. The stock had a trading volume of 85,256,184 shares, compared to its average volume of 80,210,418. The stock has a market cap of $4.03 billion, a PE ratio of 47.43 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 company's fifty day simple moving average is $11.60 and its 200 day simple moving average is $18.40.
Direxion Daily TSLA Bull 2X Shares Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a dividend of $0.0845 per share. This is a boost from Direxion Daily TSLA Bull 2X Shares's previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Tuesday, March 25th.
Hedge Funds Weigh In On Direxion Daily TSLA Bull 2X Shares
A number of large investors have recently made changes to their positions in the stock. Simplex Trading LLC lifted its holdings in Direxion Daily TSLA Bull 2X Shares by 230.3% during the 4th quarter. Simplex Trading LLC now owns 465,134 shares of the company's stock worth $12,805,000 after purchasing an additional 324,332 shares in the last quarter. Barclays PLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at about $7,433,000. TB Alternative Assets Ltd. purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the first quarter worth about $2,197,000. SBI Securities Co. Ltd. bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $5,752,000. Finally, Lauer Wealth LLC bought a new stake in Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $5,285,000.
Direxion Daily TSLA Bull 2X Shares Company Profile
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