Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Shares Up 8.9% – Here’s Why

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report) shot up 8.9% during trading on Monday . The company traded as high as $13.85 and last traded at $13.85. 39,302,055 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 81,108,781 shares. The stock had previously closed at $12.72.

Direxion Daily TSLA Bull 2X Shares Stock Performance

The firm’s 50 day simple moving average is $13.43 and its 200 day simple moving average is $15.91. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 88.55 and a beta of 2.67.

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Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.0994 per share. This represents a $0.40 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, March 24th.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Several institutional investors and hedge funds have recently bought and sold shares of the business. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at $13,256,000. Optiver Holding B.V. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at $1,697,000. Sloy Dahl & Holst LLC lifted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 19.0% in the 4th quarter. Sloy Dahl & Holst LLC now owns 1,688,402 shares of the company’s stock valued at $32,265,000 after purchasing an additional 269,324 shares during the period. Stevens Capital Management LP acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 3rd quarter valued at $1,350,000. Finally, Genesis Financial Group LLC acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares in the 4th quarter valued at $886,000.

Direxion Daily TSLA Bull 2X Shares Company Profile

(Get Free Report)

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.

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