Direxion Daily TSLA Bull 2X Shares Sees Significant Growth in Short Interest
| TSLL Etf | USD 16.46 1.98 13.67% |
About 55% of Direxion Shares' institutional investors are presently thinking to get in. The current sentiment regarding investing in Direxion Shares ETF etf implies that some traders are interested. Direxion Shares' investing sentiment shows overall attitude of investors towards Direxion Shares ETF.
Direxion Shares etf news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Direxion daily returns and investor perception about the current price of Direxion Shares ETF as well as its diversification or hedging effects on your existing portfolios.
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Direxion Daily TSLA Bull 2X Shares was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 45,750,000 shares, an increase of 49.0 percent from the September 30th total of 30,700,000 shares. Based on an average daily volume of 51,280,800 shares,
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Direxion Shares Fundamental Analysis
We analyze Direxion Shares' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Direxion Shares using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Direxion Shares based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Asset
Total Asset Comparative Analysis
Direxion Shares is currently under evaluation in total asset as compared to similar ETFs. Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Direxion Shares ETF Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Direxion Shares etf to make a market-neutral strategy. Peer analysis of Direxion Shares could also be used in its relative valuation, which is a method of valuing Direxion Shares by comparing valuation metrics with similar companies.
Peers
Direxion Shares Related Equities
| TSLQ | AXS TSLA | 3.25 | ||||
| AAPU | Direxion Shares | 0.09 | ||||
| GGLL | Direxion Daily | 0.73 | ||||
| AMZU | Direxion Daily | 1.15 |
Check out Direxion Shares Hype Analysis, Direxion Shares Correlation and Direxion Shares Performance. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
The market value of Direxion Shares ETF is measured differently than its book value, which is the value of Direxion that is recorded on the company's balance sheet. Investors also form their own opinion of Direxion Shares' value that differs from its market value or its book value, called intrinsic value, which is Direxion Shares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Direxion Shares' market value can be influenced by many factors that don't directly affect Direxion Shares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Direxion Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Shares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.