TSLL Borrowing Market Tightens
Direxion Daily TSLL (TSLL) has seen its utilization rate hit 100%, a level tied to its 52-week high. This extreme utilization indicates that the supply of shares available for short selling has been effectively exhausted, leaving only 7.2% of short interest covered by available borrowable shares. When utilization reaches these levels, the cost to borrow typically spikes, and the risk of a short squeeze increases significantly. Traders should be cautious, as the lack of available shares makes it difficult for new short positions to be opened and for existing ones to be managed without significant cost.
Signal data sourced from Ortex. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
Not investment advice. This is original reporting and analysis prepared by The Forensic Ledger from publicly available data. Nothing here is a recommendation to buy, sell, or hold any security. Always consult the original source and a licensed professional. See our full disclaimer and source-citation policy.