Investors Purchase High Volume of Direxion Daily TSLA Bull 2X Shares Call Options (NASDAQ:TSLL)

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw some unusual options trading on Wednesday. Stock traders acquired 168,402 call options on the stock. This is an increase of approximately 39% compared to the typical daily volume of 120,813 call options.

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

Large investors have recently bought and sold shares of the business. IMC Chicago LLC boosted its holdings in Direxion Daily TSLA Bull 2X Shares by 60.7% in the third quarter. IMC Chicago LLC now owns 429,436 shares of the company’s stock worth $9,065,000 after purchasing an additional 162,286 shares in the last quarter. Optiver Holding B.V. bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at approximately $1,697,000. Simplify Asset Management Inc. bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at approximately $6,359,000. Q Fund Management Hong Kong Ltd bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at about $3,599,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily TSLA Bull 2X Shares in the third quarter valued at about $13,256,000.

Direxion Daily TSLA Bull 2X Shares Price Performance

NASDAQ:TSLL opened at $13.30 on Thursday. Direxion Daily TSLA Bull 2X Shares has a fifty-two week low of $6.49 and a fifty-two week high of $23.74. The stock’s 50-day moving average is $13.72 and its two-hundred day moving average is $17.36. The stock has a market cap of $5.03 billion, a PE ratio of 88.55 and a beta of 2.92.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.0994 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, March 24th.

Direxion Daily TSLA Bull 2X Shares Company Profile

The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLL was launched on Aug 9, 2022 and is managed by Direxion.