Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Sees Large Volume Increase – Time to Buy?

Shares of Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) saw unusually-high trading volume on Monday . Approximately 105,381,300 shares were traded during trading, an increase of 34% from the previous session’s volume of 78,646,144 shares.The stock last traded at $8.37 and had previously closed at $8.41.

Direxion Daily TSLA Bull 2X Shares Price Performance

The company has a fifty day moving average price of $12.12 and a 200 day moving average price of $18.51. The company has a market cap of $4.38 billion, a PE ratio of 47.43 and a beta of -5.14.

Direxion Daily TSLA Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a $0.0845 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Tuesday, March 25th. This is a boost from Direxion Daily TSLA Bull 2X Shares’s previous quarterly dividend of $0.08.

Institutional Trading of Direxion Daily TSLA Bull 2X Shares

Several institutional investors and hedge funds have recently made changes to their positions in TSLL. PayPay Securities Corp purchased a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $50,000. Parallel Advisors LLC boosted its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 1,723.8% in the 1st quarter. Parallel Advisors LLC now owns 7,295 shares of the company’s stock worth $69,000 after purchasing an additional 6,895 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter valued at about $92,000. Morse Asset Management Inc purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at about $119,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter valued at about $152,000.

Direxion Daily TSLA Bull 2X Shares Company Profile