Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Trading Up 7.1% – What’s Next?

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s stock price were up 7.1% during mid-day trading on Monday . The company traded as high as $9.62 and last traded at $9.62. 17,777,815 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 80,151,055 shares. The stock had previously closed at $8.98.

Direxion Daily TSLA Bull 2X Shares Stock Up 8.8%

The firm has a 50 day simple moving average of $10.15 and a two-hundred day simple moving average of $12.54. The stock has a market capitalization of $4.17 billion, a P/E ratio of 88.55 and a beta of 2.79.

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Direxion Daily TSLA Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.1049 per share. This represents a $0.42 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLL. UBS Group AG lifted its stake in shares of Direxion Daily TSLA Bull 2X Shares by 9.0% in the 3rd quarter. UBS Group AG now owns 7,933,334 shares of the company’s stock valued at $167,473,000 after acquiring an additional 654,265 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Direxion Daily TSLA Bull 2X Shares by 2,438.5% in the 1st quarter. Renaissance Technologies LLC now owns 2,198,300 shares of the company’s stock worth $26,709,000 after purchasing an additional 2,111,700 shares in the last quarter. Sloy Dahl & Holst LLC raised its position in Direxion Daily TSLA Bull 2X Shares by 19.0% in the fourth 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 last quarter. Bank of Montreal Can raised its position in Direxion Daily TSLA Bull 2X Shares by 1,541.0% in the fourth quarter. Bank of Montreal Can now owns 1,476,100 shares of the company’s stock valued at $28,208,000 after purchasing an additional 1,386,150 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the fourth quarter valued at about $5,913,000.

About Direxion Daily TSLA Bull 2X Shares

(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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