Morse Asset Management Inc Buys New Shares in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL)

Posted by Stanley Muller on Dec 5th, 2024

Morse Asset Management Inc bought a new stake in Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Free Report) in the third quarter, HoldingsChannel reports. The fund bought 8,590 shares of the company’s stock, valued at approximately $119,000.

A number of other institutional investors have also recently bought and sold shares of TSLL. Beacon Capital Management LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the second quarter worth approximately $120,000. AE Wealth Management LLC grew its stake in Direxion Daily TSLA Bull 2X Shares by 16.0% during the second quarter. AE Wealth Management LLC now owns 14,476 shares of the company’s stock worth $133,000 after buying an additional 2,000 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the second quarter worth approximately $213,000. Garden State Investment Advisory Services LLC purchased a new stake in Direxion Daily TSLA Bull 2X Shares during the second quarter worth approximately $366,000. Finally, TRUE Private Wealth Advisors grew its stake in Direxion Daily TSLA Bull 2X Shares by 2.7% during the second quarter. TRUE Private Wealth Advisors now owns 43,842 shares of the company’s stock worth $403,000 after buying an additional 1,142 shares during the period.

Direxion Daily TSLA Bull 2X Shares Stock Up 3.6 %

TSLL opened at $22.90 on Thursday. Direxion Daily TSLA Bull 2X Shares has a 52-week low of $4.94 and a 52-week high of $23.59. The company has a 50 day moving average of $15.23 and a two-hundred day moving average of $11.92. The company has a market cap of $4.39 billion, a P/E ratio of 40.38 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.0803 per share. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Tuesday, September 24th.