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

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) were up 7.1% 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 Down 6.4%

The business’s fifty day moving average is $10.03 and its two-hundred day moving average is $12.44. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 88.55 and a beta of 2.83.

Direxion Daily TSLA Bull 2X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.1049 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.42 dividend on an annualized basis and a yield of 4.5%.

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

Several hedge funds have recently bought and sold shares of the company. Anfield Capital Management LLC raised its holdings in shares of Direxion Daily TSLA Bull 2X Shares by 100.0% in the fourth quarter. Anfield Capital Management LLC now owns 2,000 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the last quarter. SOA Wealth Advisors LLC. increased its position in Direxion Daily TSLA Bull 2X Shares by 17.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 6,783 shares of the company’s stock worth $82,000 after buying an additional 1,000 shares during the period. Parallel Advisors LLC boosted its holdings in Direxion Daily TSLA Bull 2X Shares by 19.4% in the 1st quarter. Parallel Advisors LLC now owns 7,892 shares of the company’s stock valued at $96,000 after purchasing an additional 1,281 shares during the period. TRUE Private Wealth Advisors increased its stake in Direxion Daily TSLA Bull 2X Shares by 3.0% during the 3rd quarter. TRUE Private Wealth Advisors now owns 45,171 shares of the company’s stock worth $954,000 after acquiring an additional 1,317 shares during the period. Finally, BOKF NA acquired a new position in Direxion Daily TSLA Bull 2X Shares in the third quarter valued at about $46,000.

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.